U.S. Equity Markets closed mixed after another volatile session. Although, the Dow closed slightly positive, the NASDAQ got hit hard, closing lower by 0.86% after 10-year Treasuries hit 4%. The ISM PMI came in at 47.7, a minor improvement from January. However, it is still the fourth straight monthly contraction (an index reading of less than 50). The report suggested continued inflation, with the prices-paid component moving back into expansion territory. Fed Atlanta President Raphael Bostic said that interest rates would need to peak at 5.25% and remain there well into 2024, while Fed Minneapolis President Neel Kashkari struck a slightly more dovish tone, saying that while he was open to either a 25- or 50-basis-point increase in March, the central bank’s guidance was far more important. The yields on 10-year Treasurys rose above 4% for the first time since last November as investors continue to sell bonds on the consensus that rates will head higher and stay there for longer. Within the S&P 500 Index, eight of the 11 sectors finished lower. European Markets closed lower. U.K. House Price growth for February fell at the sharpest annual rate since 2012 as higher interest rates cut into homebuyer demand, while retail inflation rose to 8.4% in February as rising costs continue to burden retailers and consumers. Bank of England Governor Andrew Bailey said that further rate increases are likely needed to contain inflation and that easing policy too soon could repeat the mistakes of the 1970s. Finally, ECB Member François Villeroy de Galhau said that peak interest rates could be reached by the end of summer at the latest. In Asia, Chinese Composite PMI data for February rose compared with January as manufacturing activity hit the highest level since 2012. Australian CPI for January was weaker than expected, falling compared with December – a sign that pricing pressures may finally be starting to ease. Bank of Japan Member Nakagawa said it should continue to employ easy-money policies moving forward to support economic growth. Elsewhere, Oil rose 0.83% while a weaker Dollar saw Gold yesterday’s session higher by 0.44%

To mark my 2725th 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 500 points yesterday, on the first trading session for March after finishing February with a gain of 3164 points, after closing January with a gain of 4687 points, while finishing December with a gain of 2054 points. November ended with a gain of 4789 points, while finishing October with a record gain of 9619 points, making 6660 points in September, after closing August with a gain of 2228 points, having made 2660 points in July, following a gain of 3371 points in June. The Service made 3651 points in May, after making 762 points in April, following a gain of 5883 points in March. The Platinum Service made an impressive 5324 points in February, after ending January with a gain of 3878 points, more than making up for December’s 932 points loss. 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 

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