Futures Trading Education

U.S. Equity Markets sold off throughout Monday’s session with underperformance in the NASDAQ 100 while Utilities, Communication Services and Consumer Discretionary sectors lagged, as Energy was the only sector to close in the green. Nvidia (NVDA) saw notable gains while Super Micro (SMCI) surged after it said it is shipping 100k GPUs per quarter. Oil prices rallied throughout the session with participants awaiting Israel’s response to Iran, which is reportedly due “imminently”. There is also attention on Hurricane Milton, which was upgraded to Category 5, however, Reuters reports that while some oil facilities have shut, it is expected to miss most oil infrastructure. T-Notes sold off throughout the session in a continuation of the post-NFP trade on Friday while higher oil prices also likely weighed with the 10yr yield rising back above 4.00%. Elsewhere, there was no tier 1 US data to digest while Fed’s Kashkari noted that he sees the neutral rate closer to 3%. In Europe, Retail Sales Y/Y disappointed while both ECB’s Villeroy and Kazaks were supportive of an October rate cut. The downside in equities saw haven FX (CHF and JPY) outperform, while JPY was supported after commentary from the top FX diplomat in Japan warning against speculative moves after the recent Yen weakness. Cyclical currencies (AUD, NZD, CAD, GBP) lagged its peers with both the Dollar and Euro flat on the session.  The Fed’s Kashkari noted that the balance of risks have shifted away from higher inflation towards maybe higher unemployment, but noted that overall the US economy is resilient. He stated the labour market still looks strong and he wants to keep it that way. He is not seeing signs of resurgent inflation, adding that the reduction in new rents gives the Fed confidence that housing inflation will come down. Kashkari suggests that underbuilding is a big source of housing inflation, while supply chain disruptions and labour shortages are another source, as is the rise of work from home. He stated the balance sheet shrinking has a way to go yet, and that he has pencilled in the neutral rate at closer to 3% (vs Fed median of 2.9%), but there is huge uncertainty about the neutral rate. On CRE, he said the “shoe is yet to drop” from office sector CRE, noting he is looking very carefully but is not seeing evidence of systemic risk. Elsewhere, Oil closed 4% higher while Gold was lower by 0.4%.

To mark my 3075^th issue of TraderNoble Daily Commentary I am offering a special 2-Year rate of Euro 2750 for my Platinum Service which includes 1 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 made 180 points yesterday and is now ahead by 910 points for October after ending September with a gain of 4402 points following a 301-point loss for August after closing July with a gain of 1918 points while June closed with a gain of 2074 points, having made 1843 points in May. The Platinum Service made 4010 points in April after ending March with a gain of 2113 points. February closed with a gain of 1606 points, after closing January with a gain of 3675 points. December saw a gain of 1890 points after finishing November with a gain of 1734 points. October ended with a gain of 3184 after closing September with a small gain of 228 points, after finishing August with a gain of 1485 points, 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 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