Don’s Notebook March 13, 2018

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Yesterday’s, markets ended mixed as some of the market leaders (BA and CAT) dragged on the DJIA.

Last week’s average hourly earnings cooled inflation worries down but market watches thought that any upward surprises in today’s CPI could reheat them.

The CPI and the core CPI were reported at 0.2 percent increases as was expected with the year-on-year rates at 2.2 percent overall, which was also expected, but at 1.8 percent for the core which is 1 tenth under Street estimates.

Overnight, the MSCI Asia Pacific Index added 0.2 percent, while Japan’s Topix index closed 0.6 percent higher as the yen weakened ahead of U.S. inflation data.

In Europe, the Stoxx 600 Index was 0.1 percent higher at 5:45 a.m. in light trading. S&P 500 futures pointed to a gain at the open, prior to the White House Cabinet shake-up.

Today, HD Supply Holdings, Dick’s Sporting Goods and DSW report results.

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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.