Futures Trading Education

U.S. Equity Markets finished the Quarter with more selling as the NASDAQ 100 led the declines with a loss of 1.33%. The U.S. Federal Reserve’s preferred inflation gauge, the Bureau of Economic Analysis’ Personal Consumption Expenditures, jumped by 6.3% year-over-year in May. This was in line with April’s number and lower than March’s 6.6%. Excluding food and fuel, the reading showed an increase of 4.7% compared with the prior 4.9%. On a monthly basis, the core measure gained 0.3% versus the previous month as well. The data could signal that while the total figure grew on an annual basis, inflation may be moderating. But while there are some positive indications in the report, other factors remain a concern. May’s Consumer Price Index (“CPI”) showed that consumer prices are at their fastest pace in four decades. Meanwhile, the Labour Department’s Jobless Claims trended lower to 231,000 for the week ended on June 25. This indicates jobless claims are holding steady, potentially pointing to a slowdown in economic activity. These relatively low numbers may also imply tension in the labour market, despite some signs of rising unemployment. Within the S&P 500, eight of the 11 sectors finished lower. European Markets tumbled despite a late rally in the last hour of trading. France’s preliminary Consumer Price Index growth for June hit its highest level since the formation of the Euro-Zone, supporting additional interest-rate hikes. German Retail Sales growth for May was stronger than expected. Russian President Vladimir Putin said Moscow’s relationship with Sweden and Norway is certain to sour if the two countries press forward with decisions to join NATO. Bank of England Governor Andrew Bailey warned it may be forced to increase the pace of interest-rate hikes due to persistently high inflation. In Asia, China’s official composite Purchasing Managers’ Index (“PMI”) figures for June rebounded into expansion territory after the government eased COVID-19 restrictions. Japan’s Consumer Confidence numbers for June and Industrial Production growth for May shrank compared to the month prior, signalling slowing economic growth. The People’s Bank of China pledged to stabilise consumer prices and employment to support economic activity. Japanese utilities said they would try and secure additional natural gas supplies as Tokyo residents deal with a record heat wave. Elsewhere, Oil fell 3.53% after the U.S. Supreme Court released a ruling saying the Environment Protective Agency had no authority in regulating carbon emissions, while Gold fell 0.65% as the Fed’s preferred inflation gauge showed potential cooling.

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For anyone following my Platinum Service it made 195 points yesterday, to close June with a gain of 3371 points June after making 3651 points in May, having made 762 points in April, following a gain of 5883 points in March. The Platinum Service made an impressive 5324 points in February, after ending January with a gain of 3878 points, more than making up for December’s 932 points loss. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking