U.S. Indexes closed slightly higher on Friday, with big tech stocks rising while sentiment is supported by another modest decline in oil prices; a near-record $7 trillion quad-witching and index rebalances add to Friday’s set-up. US tariff-delay hopes, a flattening US curve and softer diesel and WTI prices ease inflation concerns, while AI bulls are back in charge. In tech, Mag 7 stocks closed mostly higher led by GOOG/L (+2.0%); AMZN is flat after the 5% rally on Thursday amid a long-term deal with Generac. Meanwhile, Brent crude traded near $104 a barrel. The Dollar climbed 0.2%, while Gold rose toward $4,400 an ounce. Treasuries resumed losses after a brief rebound, with the 10-year yield up six basis points to 5.00%. On Friday morning the Bank of Japan hiked Interest Rates by 25 Basis points as expected, but the vote split skewed dovish as two Takaichi-appointed members dissented, which sent the Japanese Yen sharply lower (USDJPY breaking above 157 for first time since early Sept) and Japanese stocks rallying (Tech > Banks). The USD is higher post BOJ decision. Elsewhere Oil closed lower by 1.60% while Gold reversed some of Thursday’s losses with a 1% gain.
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For anyone following my Platinum Service it made 504 points on Friday and is now ahead by 5624 points for September after ending the month of August with a gain of 2645 points after closing July with a gain of 8031 points, after ending June with a new record of 10527 points after ending May with a loss of 1104 points, having ended April with a gain of 1730 points, after ending March with a massive gain of 9002 points, having closed February with a strong gain of 5482 points after ending January with a gain of 4757 points, 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 previous 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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