U.S. Equity Markets closed lower despite strong economic data, led again by the Small Cap Russell 2000, ending yesterday with a loss of 1.53%. Markets fell for the second straight day. Jobs data were one of the reasons for the selling. Jobless Claims rose and came in above estimates. And the four-week moving average picked up once again. This sparked concerns over a continually choppy job market, which could hamper the broader economy’s recovery. Vaccine news was mixed. PFE said that its vaccine was effective against variants, but was less effective against the South African variant. But the company also said it was working to develop a booster shot. In other economic data, Building Permits hit another near 15-year high, indicating continued strength in the housing market. European Markets also closed lower. Bank of England Economist Michael Saunders said the labour market is the best gauge of economic recovery, adding that he expects more Unemployment when government assistance ends. European Union Commissioner for Trade Vladis Dombrovskis said it would take a tougher stance in trade negotiations going forward, focusing on climate change. Pfizer and BioNTech were said to be behind on their agreement to supply the U.K. with coronavirus vaccine, coming about 10 million doses short. European Union coronavirus vaccinations rose to 23.3 million yesterday, with a daily average of 683,100 doses administered over the last week. Elsewhere, Oil closed 1.83% lower  on profit-taking after a recent surge to 13-month highs, while Gold closed flat after a volatile trading session.

To mark my 2250th 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 made 286 points yesterday and is now ahead by 2028 points for February, having finished January with a gain of 2077 points, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September, 2383 points in August, 3128 points in July, 2580 points in June, 2456 points in May, 4773 points in April, and an incredible 9264 points in March. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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