U.S. Equity Markets tried to rebound from the losses earlier in the week, ending yesterday’s session mixed, as the Dow closed higher by 0.26% while the NASDAQ 100 fell 0.12%. Markets attempted to bounce back from the two declines so far this week. Interest rates backed off their highs from yesterday, easing some of the recent fears over rising long-term rates. Fed speakers continued to make headlines. Federal Reserve Bank of St. Louis President James Bullard said the domestic economy is fully recovered and he sees the central bank starting the asset purchase taper next month. Fed Chair Jerome Powell continued his testimony before Congress, saying that he sees the current inflation pressures carrying on into next year. This is not anything different than he said yesterday. In terms of economic data, Pending Home Sales surged in August, in another strong showing for the housing market. European Markets closed higher. European Central Bank Governing Council member Peter Kazimir said the Emergency Policy Programme is in its final stages, but policy will remain flexible going forward. Euro-Zone economic confidence data for September was stronger than expected, rising versus August, as consumers were increasingly optimistic about the outlook. Euro-Zone consumer activity has rebounded to pre-pandemic levels, with people returning to domestic travel, shopping, and other activities, according to the Financial Times. In Asia, People’s Bank of China Governor Yi Gang said global central banks should avoid asset purchases because they are damaging over the long term and create moral hazards. China purchased a 20% stake in Shengjing Bank for $1.55 billion in an attempt to minimise domestic financial-system fallout from real estate developer China Evergrande’s debt woes. Japanese technology stocks fell on Micron’s disappointing revenue guidance and concerns higher interest rates could raise borrowing costs, weighing on profits. South Korea’s Chamber of Commerce and Industry said its fourth-quarter business sentiment index showed manufacturers expect conditions to worsen due to rising infections and supply-chain issues. Elsewhere, Oil fell 0.99% after EIA data showed an unexpected rise in U.S. crude inventories, while Gold closed 0.74% on continued Dollar strength.

To mark my 2400th 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 228 points yesterday and is now ahead by 3037 points for September, having closed August with a gain of 1543 points, and 996 points in July. The Platinum Service made 1366 points in June, 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, and 2273 points last December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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