US Tech shares rebounded after Wednesday’s worst selloff in a year and news that Senator McCain will support the Senate tax bill provided an additional boost to US equities. The latter was also the catalyst for 10 year US Treasury Yields to break above 2.40% after the PCE deflators came in line with expectations. In spite of underwhelming EU inflation data, month end flows and improved prospects of an Irish border agreement have helped the Euro and Sterling outperform. Lastly oil prices are steady after OPEC agreed to extend the production cut agreement through the end of 2018.
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For anyone following my Platinum Service it lost 154 points yesterday to close November with a gain of 823 points having made 657 points in October. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points.
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