Don’s Notebook April 11, 2018

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Stocks were lower on the opening this morning. Observers attributed the weakness to the military situation in Syria.

  • Gold, Treasuries and Yen rose on the news.
  • Russia’s ruble extended its three-day slump in trading this morning as foreign investors cut their holdings following the latest round of U.S. sanctions.

Fed watchers will also closely read today’s FOMC minutes from the March 20-21 meeting, due at 2:00 p.m. ET.

A drop in gas prices pulled down Consumer Prices in March which came in line with expectations for a 0.1 percent decline.

  • The core rate, (which excludes energy), did hit expectations at a modest 0.2 percent monthly gain
  • The year-on-year rate rose 3 tenths to 2.1 percent which also met with expectations.

Facebook CEO Mark Zuckerberg is back in DC testifying today in front of the House Energy and Commerce Committee.

Earnings Calls today: Fastenal and Bed Bath & Beyond.

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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.