Don’s Notebook June 29, 2018

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Strength in consumer spending is highlighted in today’s Personal Income & Outlays report, demonstrated by the PCE index, the Federal Reserve’s preferred inflation gauge, rose 0.2%, as did the core rate that strips out food and energy.

  • The stock market reaction has been substantial and the DJIA is up 1.5% currently.

The final reading of the University of Michigan’s consumer-sentiment index in June was 98.2, slightly above May’s level of 98. The initial reading was 99.3. Economists expected a reading of 99.

The Chicago Purchasing Managers’ Business Barometer Index rose 1.4 points to what may be an overheated 64.1 that bested observer forecasts.

Have great weekend and a safe July 4th Holiday and look for the return of Don’s Notebook on July 9th.

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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.