U.S. stocks advanced as investors ramped up bets that the Federal Reserve will cut Interest Rates this month to shore up an economy showing increasing signs of weakness. Treasuries rallied. The S&P 500 rose the most in a month after roaring back from a drop of more than 1% sparked by the weakest reading on the Services Sector in three years. Odds the Federal Reserve cuts Rates at its next meeting spiked as the data came just after the worst factory numbers in a decade. Investors are also finding their footing after the benchmark fell around 3% over the last two sessions, with one of the hardest hit sectors, tech, pacing gains. The yield on 10-year Treasuries dropped for the sixth straight day, while the US Dollar fell for a third time in a row. In other news, Prime Minister Boris Johnson was given a week by the European Union to revise his Brexit deal or risk a humiliating postponement of the U.K.’s departure just as support was building at home for his plan. The EU’s chief negotiator, Michel Barnier, told a private meeting of European senior diplomats that the latest British blueprint for post-Brexit arrangements along the border with Ireland fell far short of his conditions for a deal, three EU officials said. Meanwhile, there were signs an accord might finally get through the U.K. Parliament as some Brexit hard-liners and those on the pro-EU side of the governing Conservative Party said they would fall into line.
To mark my 1925th 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 email@example.com for details
For anyone following my Platinum Service it made 408 points yesterday and is now ahead by 209 points for October, having made 1620 points in September, 2387 points in August, 1153 points in July, 1346 points in June,1722 points in May, 955 points in April and 1027 points in March. 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