U.S. Equity Markets reversed earlier gains before having an aggressive sell-off into the close. The NASDAQ 100 led the declines closing lower by 1.80%. This was a nasty sell-off as the VIX ended yesterday’s session with a gain of 18% at a price of 22.61 Jobless Claims saw an uptick of Americans applying for jobless benefits, indicating that the labour market could be close to a softening trend. The Challenger Job Cuts Report for February showed that another 77,770 jobs were terminated. The year-to-date two-month total marks the highest cumulative amount since 2009. Investors are keen to see this afternoon’s latest employment data and next week’s update on inflation as they look for definitive signs of what the Fed’s policy decision could be in a few weeks. Within the S&P 500 Index, all the 11 sectors finished lower. European Markets closed lower. French Fourth Quarter Payroll Growth showed improvement in private sector job creation, growing 0.20% compared with 0.10% consensus, but less than third-quarter growth. ECB member Francois Villeroy de Galhau said that French inflation should peak by the second quarter and the ECB will remain committed to lowering inflation. The British Chambers of Commerce’s latest forecast showed that the nation’s economy is expected to contract at a less severe rate and that a technical recession – two consecutive quarters of contraction – may be avoidable. European Central Bank deposit facility rate futures are now pricing in a peak interest rate of 4.1% compared with the 3.4% peak just a month ago, weighing on the growth outlook. In Asia, China’s CPI and PPI growth February for was weaker than expected as post-Lunar New Year holiday demand eased. Japan’s final Fourth Quarter Economic Output Growth was much weaker than the initial estimate due to downward revisions in consumer spending figures. Reserve Bank of Australia Governor Philip Lowe said the financial stress that higher interest rates has caused for households is a good reason to consider stopping interest-rate hikes. Japan’s lower house of Parliament approved the appointment of Kazuo Ueda as the next Bank of Japan Governor. Elsewhere, Oil fell 1.45% while Gold surprisingly rose 0.93%.

To mark my 2725th 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 790 points yesterday and is now ahead by 587 points for March after finishing February with a gain of 3164 points, after closing January with a gain of 4687 points, while finishing December with a gain of 2054 points. November ended with a gain of 4789 points, while finishing October with a record gain of 9619 points, making 6660 points in September, after closing August with a gain of 2228 points, having made 2660 points in July, following a gain of 3371 points in June. The Service made 3651 points in May, after making 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 HERE Please subscribe to this for new interview notification 

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