U.S. Equity Markets ended the week on a high note, finished the day higher, with the S&P and Dow both closing higher by 1.37%. Even though Coronavirus cases are still an area of concern, National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci said COVID-19 “won’t be a pandemic much longer,” thanks to recent vaccine progress. In terms of economic data, Consumer Sentiment unexpectedly fell in November. The “expectations” index weighed on sentiment, with many respondents citing rising COVID-19 cases as a reason for the pessimism. The Dow Jones Industrial Average outperformed on Friday, as investors resumed their rotation out of high-flying stocks and into value stocks. European Indices also ended the week in positive territory. Euro-Zone Preliminary Third-Quarter Gross Domestic Product data were in line with expectations, indicating a record rebound prior to recent lockdowns. European Central Bank President Christine Lagarde said while she is optimistic about recent Coronavirus vaccine news, she is worried about near-term economic output. French Prime Minister Jean Castex said he would not give into pressure after Coronavirus infections eased by ending the country’s 30-day lockdown early. ECB Governing Council Member François Villeroy de Galhau said the central bank will adjust its monetary policy in December to combat low inflation and weak economic activity. Elsewhere, Oil closed 2.36% lower on continued demand concerns as COVID-19 cases rise, while Gold closed 0.67% higher on Dollar weakness.

To mark my 2200th 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 35 points on Friday and is now ahead by 1222 points for November having made 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, an incredible 9264 points in March, 2223 points in February and 2142 points in January. 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

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register