Don’s Notebook June 8, 2018

0
518

This morning’s Wholesale Trade report from the U.S. Department of Commerce will highlight inventories which have been building at a steady pace in line with underlining sales and adding to GDP.

  • Wholesale sales and inventory data give investors a chance to look at the consumer economy in detail, because activity at the wholesale level can help set forecasts of consumer trends.

Earlier today, President Donald Trump headed to the two-day G-7 summit in Quebec and will leave again early tomorrow morning (Saturday) to head to Singapore to prepare for his meeting with North Korea’s Kim Jong Un.

In overnight markets:

  • The MSCI Asia Pacific Index declined 0.9 percent
  • Japan’s Topix index closed 0.4 percent lower on rising emerging-market concerns and worries about Trump’s G-7 and Kim summits.
  • In Europe, the Stoxx 600 Index was 0.6 percent lower at 5:45 a.m. ET as disappointing German industrial production figures added to geopolitical fears.
  • The 10-year Treasury yield was at 2.904 percent
Advertisement #1 Trading Platform Technology - 8  years running!

Previous articleFeeding frenzy in the Golden Arches: Options recap
Next articleRetail giving tech a run for its money
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.