Futures Trading Education

Worries that higher rates are slowing economic growth in America, saw U.S. Equity Markets close lower on Friday. Both the NASDAQ 100 and S&P had their worst trading weeks since March. Sales of existing homes declined in August to their lowest level since the start of 2023. Limited inventory and historically high mortgage rates have plagued the sector, dragging sales down 15.4% year over year. The number of homes for sale also edged lower to 1.1 million, marking the lowest inventory levels since 1999. The median price of homes sold continued to rise, which only exacerbated the problem. According to the National Association of Realtors, the supply of homes would need to double to have any significant moderation on prices. The Philadelphia Fed Manufacturing Index dropped to negative 13.5 in September, down from August’s reading of 12. The reading also came in well below market expectations of negative 0.7%. Several indicators, including new orders and shipments, ventured into negative territory. Businesses that we polled also reported increased prices paid and received, as well as a slight decrease in employment. However, the survey’s future indexes improved. This indicates hope for increased growth over the next six months. Cisco Systems (CSCO) just announced its largest acquisition to date. It agreed to acquire Splunk (SPLK) for approximately $28 billion. Cisco will pay $157 per share in cash – a sizable premium over Splunk’s previous closing price. The move represents Cisco’s large bet on artificial intelligence (“AI”), as Splunk announced a new line of AI offerings earlier this year. Cisco has also worked to expand its software and services business to shift from its own networking hardware. Cisco acquiring Splunk highlights corporate interest in leveraging AI capabilities to expand business capabilities. Alphabet (GOOG) has rejected rumours that it is planning to alter its relationship with Broadcom (AVGO) and assured the public that the chipmaker has been an excellent partner. The rumour that surfaced in a report outlined a dispute over chip pricing and said that Alphabet was exploring manufacturing options with Marvell Technology (MRVL). The company confirmed its partnership with Broadcom is stable. The chipmaker stands to gain an estimated $3 billion in revenue this year. European Markets closed lower. According to Germany’s Finance Minister Christian Lindner, economic growth remains a significant challenge for the country. Lindner emphasised that the government should focus on strengthening growth on the supply side opposed to fuelling inflation with demand programmes. He also noted that debt ratios and the deficit ratio were falling for the first time since the pandemic. Lindner’s comments highlight the government’s commitment to fighting inflation and maintaining a restrictive policy that’s in line with the European Central Bank. In Asia, on Friday the Bank of Japan (“BOJ”) maintained its current monetary policy in its decision citing extreme uncertainties in the growth outlook. BOJ Governor Kazuo Ueda reiterated the bank’s stance to maintain ultra-loose policy to ensure it achieves bringing inflation down. He furthered his statement saying that if inflation comes down quicker than expected that a shift in policy would be necessary. Elsewhere, Both Oil and Gold closed higher by 0.25%.

To mark my 2875th issue of TraderNoble Daily Commentary I am offering a special 2-Year Rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day to demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it lost 300 points on Friday and is now down by 526 points for September, after finishing August with 1485 points gain following a small gain of 285 points gain in July, after closing June with a gain of 2683 points. May closed with a gain of 3205 points. April saw a gain of 3354 points while March closed with a gain of 6168 points. The Platinum Service made 3164 points in February, 4687 points in January 2054 points in December, 4789 points in November and a record 9619 points last October.  Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1900 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking