U.S. Equity Markets posted their first back-to-back gains since Feb. 12 as investors awaited unprecedented government spending packages aimed at countering the hit from the Coronavirus pandemic. Ten-year Treasury yields were steady. The S&P 500 Index logged its biggest two-day advance since November 2008 after negotiations in Congress paved the way for a vote on the stimulus bill this week. Boeing Co. rallied 24%, lifting the price-weighted Dow Jones Industrial Average toward its best two days since 1987. The blue-chip index is still down about 25% from its February record. Stocks fell from the day’s highs late in the session after Republican senators raised objections to the unemployment benefits section of the stimulus bill, and Vermont Senator Bernie Sanders threatened to hold up the legislation unless those objections were dropped. Apple Inc. was said to be discussing delaying its 5G iPhone, also weighing on sentiment. Despite hopes surrounding the stimulus, James Bullard of the St. Louis Federal Reserve Bank told reporters that he expects Jobless Claims to surge and said the U.S. won’t resume normal life until people feel safe. Equities also gained in Europe, where leaders are inching toward a fiscal package of their own. In Asia, a regional stock benchmark is posting the best one-day increase since 2008. West Texas crude rebounded somewhat after falling below $25 a barrel. The US Dollar dropped for a second day versus its biggest peers. Spot Gold drifted lower after a squeeze of historic proportions pushed its prices to the biggest one-day gain since November 2008 on Tuesday. The closing of refineries and demand for physical gold had caused a disconnect between prices in London and New York.
To mark my 2025th 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 email@example.com for details
For anyone following my Platinum Service it made 585 points yesterday and is now ahead by 8542 points for March, having made 2223 points in February, 2142 points in January, 818 points in December, 780 points in November, 1649 points in October, 1620 points in September and 2387 points in August 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