U.S. Equity Markets closed lower yesterday, despite strong economic data. The Russell 2000 led the declines, closing lower by 0.78% while the Dow booked the trend, closing at a new all-time high with a gain of 0.29%. Retail Sales rose 5.3% from the month prior, according to data from the Census Bureau. That beat the expectation for a 1.3% gain. January’s Retail Sales also marked the first increase for the data point after three straight months of decline. Vaccine supply may have given an area for concern. The White House’s vaccine czar said that Johnson & Johnson only has a few million doses in its stockpile. That sparked fears that an approval would not provide an immediate boost to the vaccine supply. The Federal Reserve’s Minutes from the January meeting showed that the central bank sees it taking a while before the economy reaches its goals. This suggests that it won’t pull support from the economy anytime soon. European Markets closed lower after a volatile trading session. Italian Prime Minister Mario Draghi said the country must use the European Union Recovery Fund in order to boost economic activity. European Central Bank President Christine Lagarde and Treasury Secretary Janet Yellen discussed ways to boost jobs and growth, pointing toward more coordinated policy efforts. Pfizer and BioNTech agreed to supply the European Union with an additional 200 million doses of their COVID-19 vaccine by the end of the second quarter, boosting supply. European Union coronavirus vaccinations rose to 22.5 million yesterday, with a daily average of 679,000 doses administered over the last week. Elsewhere, Oil continued its relentless move higher closed with a gain of 2%, as cold weather through the Midwest sparked an increase in demand for heat, while Gold fell 1.38% on continued Dollar strength.

To mark my 2250th 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 184 points yesterday and is now ahead by 1742 points for February, having finished January with a gain of 2077 points, 2273 points in December, 2025 points in November, 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, and an incredible 9264 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

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register