U.S. Equity markets traded in wide range before ending yesterday’s session mixed as investors digest the start of earnings season. The earnings season officially kicked off – with reports from JPMorgan (JPM) and Goldman Sachs (GS). Both companies handily beat earnings and revenue estimates, with JPMorgan CEO Jamie Dimon reiterating his stance that the U.S. economy is set for multiple years of strong growth. Vaccine news was also positive, after Pfizer CEO Albert Bourla said that the company could deliver 10% more doses of its COVID-19 vaccine by the end of May than previously agreed, boosting the supply outlook. And the Federal Reserve’s most recent Beige Book highlighted that the economic recovery was accelerating going into April. The pause on the Johnson & Johnson vaccine will still weigh on sentiment until the issues are cleared up. In a speech yesterday afternnon, Federal Reserve chair Jerome Powell said that the central bank would dial back its bond purchase before it raised Interest Rates. But he reiterated that this would happen no time soon. Investors will continue to watch the rollout of earnings reports for any major catalysts in the markets. European Markets closed higher. European Commissioner for Economy Paolo Gentiloni said the ECB might raise its guidance for 2021 growth when it releases its latest update in May. European Central Bank Governing Council Member Francois Villeroy de Galhau said it should use its 2% inflation goal as a target and not a ceiling with regards to stimulus. Euro-Zone Industrial Production data for February were stronger than expected, but fell versus January, signalling economic activity slowed. Early yesterday, Johnson & Johnson announced that it had halted the rollout of its vaccine across Europe over blood clot fears. Elsewhere, Oil gained 4.60% on a large drawdown in U.S. crude inventories while Gold reversed Tuesday’s gain by closing lower by 0.63%.

To mark my 2300th 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 finished with a gain of 230 points yesterday and is now ahead by 128 points for April, having ended March with an impressive gain of 3769 points, having made 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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