U.S Equity Futures reversed earlier declines after it was announced that Nancy Pelosi and Treasury Secretary Steven Mnuchin are expected to have reached a potential stimulus agreement. The S&P rallied over 75 Handles off yesterday’s intra-morning low following the chaotic Presidential Debate on Tuesday night. The Senate passed a short-term spending bill to keep the government funded through mid-December, sending it to the House for approval, and avoid a shutdown. The Dow led the rally closing higher by 1.2%%. The ADP data showed that employers added more jobs than expected in September, marking the fifth straight month of increases in hiring. ADP’s data is another sign that the job market is recovering. Employers continue to add jobs back after steep declines in employment in both March and April. Markets turned higher after the ADP release and never looked back. Senate Majority Leader Mitch McConnell noted that both sides are still far apart on a deal. In vaccine news, Moderna’s (MRNA) chief executive said that the company’s Coronavirus vaccine will not be ready before the presidential election in November. But he said the company could seek emergency use authorisation later that month. The German Government said European Union economic stimulus was in danger of being delayed because of a disagreement over “democratic values” among member states. European Central Bank President Christine Lagarde said it is considering allowing inflation to overshoot its target to make up for a sustained undershoot. German Chancellor Angela Merkel warned lawmakers they cannot let Coronavirus restrictions undo all the economic progress made since the social-distancing lockdowns earlier this year. Britain’s House of Commons approved legislation allowing the government to break its Brexit treaty with the European Union. Elsewhere, Oil bounced back closing  higher by 1.68%.

To mark my 2150th 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 130 points yesterday to close September with a gain of 3042 points, having made 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

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