U.S. Equity Markets closed higher led by the 1.05% gain in the Dow. The across-the-board evening buying saw the VIX closed lower by 5% at a price of 19.59. Home Prices for February fell for the first time Y/Y since 2012, according to housing brokerage firm Redfin, not helped by the 30-Year Mortgage Rate rising north of 7% yesterday, as bond yields continue to rise on expectations for a more aggressive Fed this year. Atlanta Fed President Bostic said that he favours a 25-basis-point rate hike at this month’s policy meeting. Bank of America analysts recently asserted that the Fed could hike rates to 6% this year given the strong labour market. Within the S&P 500 Index, nine of the 11 sectors finished higher. European Markets closed higher. Euro-Zone CPI growth for February eased slightly to 8.5%, dashing hopes for a steeper decline in prices, and thus pointing toward further rate hikes by the European Central Bank, while the Euro-Zone Unemployment Rate for January marginally rose to 6.7%, suggesting that the economic landscape could be weakening. ECB officials are turning more hawkish following a new peak in core inflation for the region. President Christine Lagarde said that there may need to be more rate hikes than the expected 50-basis-point move this month, while Council member Ignazio Visco said it must continue to raise interest rates to bring inflation growth back to the 2% target. In Asia, Japan’s Consumer Confidence inched higher in February, hitting the highest reading (31.3) since August 2022. Chinese Premier Li Keqiang said the nation’s economy is stabilising and has “enormous” room for further gains. Bank of Japan board member Hajime Takata said it must continue with easy-money policies until it sees signs of economic stability. Korea’s statistics office said semiconductor inventories rose 28% month over month and 39% year over year, implying prices may need to fall in order to deplete the excess supply. Elsewhere, Oil rose a further 0.36% while Gold fell 0.17% after a quiet session.

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 made 460 points yesterday and is now ahead by 960 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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