Futures Trading Education

U.S. Indices closed higher on Monday. The trading day was quiet, but stocks trended higher throughout Europe and the US sessions before paring slightly into the close – the Russell led the gains. Materials, Financials and Energy outperformed sector wise with Materials benefitting from upside in metals prices. The Energy sector was buoyed by gains in crude prices as geopolitical tensions mount with regard to Venezuela, Russia/Ukraine, and Syria. There are also concerns regarding Israel and Iran after Iran conducted missile drills. Regarding the laggards, Staples was the only sector in the red, while Tech and Utilities also underperformed, albeit still closed green. Chip names were firmer with SMH and SOXX ETF rising over 1% with NVIDIA (NVDA) gaining on reports it is preparing to export H200 chips to China from mid-February in 2026, albeit it is still awaiting government approval. T-Notes settled slightly lower across the curve ahead of supply this week, while the 2-year note auction was lacklustre, albeit with little reaction. Miran also spoke, who hinted at slowing down his rate cut votes to 25bps from his usual 50bps dissent, but also no move was seen with the Fed largely expected to hold in January following the guidance tweak in December. In FX, the Dollar lagged while Antipodes outperformed on the upside in stocks and base metals. The Japanese Yen also strengthened after more commentary from Finance Minister Katayama – who said they have a free hand to take bold action on the Yen. Attention turns to the quarterly PCE and GDP data on Tuesday, as well as Consumer Confidence and Industrial production. Treasury traders will be eyeing the auctions ahead of Christmas. Fed Governor Miran refused to commit to a January decision, as when he was asked about reducing rates by 50bps in January, the uber-dove said given policy moves thus far, the need for him to dissent and vote for 50bps again has become a bit less, and he needs to see the data before making a decision. The Trump appointee added the Fed can get to a point of ‘micro managing’ the policy rate when they get closer to neutral, but they are not there yet. On data, Miran remarked there were some anomalies in the inflation metrics from the shutdown, and the data suggests the Fed should be moving in a dovish direction. Re. the neutral rate, Miran said it has shifted lower, policy needs to reflect this, and it is important that the policy rate continues to be adjusted down, as if not, the risk of recession increases. Lastly, he is unsure if he will stay on at the Fed but noted if no one is confirmed for his seat by end-January, will assume he is staying on. Elsewhere, both Oil and Gold closed higher by 2.65% and 2.3% respectively.

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For anyone following my Platinum Service it made 90 points yesterday is now ahead by 2599 points for December after ending the month of November with a gain of 4542 points, after ending October with a nice gain of 5110 points after closing September with a gain of 3774 points while ending August with a gain of 3362 points after closing July with a gain of 3753 points after closing June with a gain of 3530 points, having closed May with a gain of 3606 points, after closing April with a gain of 7685 points after closing March with a gain of 2254 points while closing February with a gain of 4180 points. January ended with a gain of 2768 points while 1997 points were gained in December. October ended with a gain of 2179 points, after closing September with a gain of 4402 points, following a loss of 301 points in August. July gained 1908 points while June saw a gain of 2074 points. The Platinum Service made a record 9619 points in October 2022.  Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 2300 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking