U.S. Equity Markets bounced around to start the week, finishing the day mixed as the Dow tested all-time highs to close with a gain of 0.60% while the Small Cap Russell 2000 closed 2.83% lower. Markets declined in the early morning before recovering throughout the day. There was some uncertainty around the U.S.’s relationship with China, after U.S. Trade Representative Katherine Tai said the White House is open to trade negotiations with China, but it won’t be removing tariffs in the near future. There were also worries about a leveraged trade unwind, as Credit Suisse and Nomura both warned of large losses related to hedge funds liquidating certain positions. But vaccine news was positive after the Biden administration said it will have administered 240 million COVID-19 vaccinations by the end of this month. That is enough to inoculate roughly half of the eligible population. Now, eyes turn to Biden’s infrastructure and jobs announcement later this week, which could come in as large as $4 trillion, according to a report from the Washington Post. While this will be hard to push through Congress, any infrastructure bill would help boost economic output. European Markets closed higher, led by the German DAX. European Central Bank Chief Economist Philip Lane said it must remain committed to ensuring favorable financing conditions to support economic growth. German Chancellor Angela Merkel called on the heads of the country’s 16 states to introduce strict social-distancing measures to bring a recent rise in coronavirus infections under control. Italy’s government lowered its growth outlook for 2021, citing the recent lockdowns. But it also boosted its growth forecast for 2022. European Union coronavirus vaccinations rose to 67.7 million yesterday, with a daily average of 1.5 million doses administered over the last week. Elsewhere, Bitcoin surged 7.71% after Visa announced that it would soon settle some transactions in cryptocurrency, while Gold fell 1.33% on Dollar strength.

To mark my 2275th 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 275 points yesterday and is now ahead by 3481 points for March, having closed February with an impressive gain of 3286 points, having made 2077 points in January, 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

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