U.S. Indices closed higher on Monday, seeing gradual strength throughout the session, paring the weakness seen overnight. The Russell outperformed while sectors were mixed. Consumer Staples led the gains, largely due to Walmart (WMT) rising on news that it is to be added to the NASDAQ 100 index. Financials lagged, however, on President Trump’s aim at credit card fees, calling on them to be capped – which hit banks ahead of earnings. Elsewhere, focus lay largely on Fed independence threats after the DoJ investigation into Fed Chair Powell over building renovation costs. The news weighed on the Dollar while the Treasury curve steepened with long-end yields rising as traders price in more term premium. Oil prices settled in the green with focus on geopolitical updates and any potential escalations between the US and Iran. With the Dollar sold and a turnaround in stocks, Antipodes and Sterling outperformed, with Antipodes benefiting from rising metal prices. Although the Dollar was hit, the Japanese Yen was the lagging currency in continuation of Friday’s price action as more reports highlight PM Takaichi’s ruling LDP party is planning to dissolve the country’s Lower House. Elsewhere, Oil closed higher by 0.65% and Gold at new all-time highs, closing above $2600 with a 2.35% gain.
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For anyone following my Platinum Service it made 202 points yesterday and is now ahead by 1722 points for January having closed December with a gain of 2599 points, 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 HERE Please subscribe to this for new interview notification
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