Don’s Notebook April 17, 2018

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Welcome to Tax Day! The filing deadline for US income taxpayers is tonight at Midnight. Don’t forget!

Our trading day today offers key updates on housing, which has had a slow start this year, and manufacturing where signs have been mostly strong.

The US Census Bureau reported March Housing Starts this morning. The residential construction business had a strong March: housing starts topped most estimates at a 1.319 million annualized rate while housing permits increased to 1.354 million.

The Federal Reserves’ March Industrial Production report was also released before the bell. Industrial production rose 0.5 percent in March for a 4.3 percent year-on-year rate with mining once again leading the report, jumping 1.0 percent on top of February’s 2.9 percent increase to lift year-on-year volumes to a 10.8 percent gain.

Earnings season continues today. Comerica, Johnson & Johnson, UnitedHealth Group, Goldman Sachs, Northern Trust, Intuitive Surgical and Lam Research are among the notable listings that hold conference calls to discuss their 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.