Don’s Notebook March 9, 2018

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Prior to the market open, indicators were pointing to another month of strength for the employment report. Non-farm payrolls rose an outsized 313,000 which was more than 80,000 above most estimates.

The Monthly Wholesale Trade Report showed that inventories in the wholesale sector had not been keeping pace with sales and this helps to explain January’s large 0.8 percent increase. In addition, sales in the wholesale sector have been strong, but they fell back 1.1 percent in January which also helps explain the month’s increase in inventories.

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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.