Don’s Notebook March 8, 2018

0
518

The early selloff in U.S. stocks Wednesday that seemed to be sparked by the resignation of Gary Cohn turned out to be short-lived, with the S&P 500 Index finishing Wednesday’s session roughly unchanged.

The focus today will be on Jobless claims, which are at historic lows, will offer a last look at the labor market ahead of tomorrow’s employment report where solid strength is the call.

At 7:45 a.m. ET, the European Central Bank announced its latest monetary policy decision, followed by comments from Mario Draghi. Today also sees the publication of the ECB’s latest quarterly projections, which are said to show continued robust growth for the Euro Zone.

Earnings announcements today include: Vail Resorts, VeriFone Systems, Hovnanian Enterprises and Peak Resorts.

Advertisement #1 Trading Platform Technology - 8  years running!

Previous articleWhat the Numbers May Say About Banks
Next articleJust How Strong is the Job Market, Anyway?
Dr. Don Pratl is Director of Trader Development and Education for TradeStation. He joined TradeStation in 2016 after holding similar roles with other online brokerages. Don’s long career in the financial services industry reflects expertise in administering trading and investment strategy programs for retail investors as well as financial services professionals. Since the 1980s, he has held various positions in areas including CBOE trading floor order execution, marketing, sales, personnel management, training and customer service. Don holds series 3, 4, 7 and 63 FINRA licenses, earned his Ph.D. in Organization and Management, and his M.A. and B.A. in Political Science. He has been an occasional adjunct college instructor since 2004 at a range of institutions, teaching undergraduate, graduate and doctoral students using in-class and online formats.