After a quiet February, Volatility picked up in the US stock market with the Indices reversing all of Friday’s gains and then some, the S&P and NASDAQ closing down 0.4% and the Dow by 0.8% (albeit losses for the former were closer to 1% at 5.00 pm). Friday’s moves themselves still remain something of a mystery coming on the heels of the softer than expected US Manufacturing ISM release and which offered some further evidence that US tariffs on China are hurting the US just as much as they are China. In this respect, Bloomberg is reporting on two separate papers published over the weekend where some of the world’s leading trade economists declared Trump’s tariffs to be the most consequential trade experiment seen since the 1930 Smoot-Hawley tariffs blamed for worsening the Great Depression. They also found the initial cost of Trump’s duties to the U.S. economy was in the billions and being borne largely by American consumers (not by China, as Trump continues to claim).
To mark my 1800th 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@tradernoblecom for details
For anyone following my Platinum Service it lost 260 points yesterday and is now down 253 points for March, having made 1013 points in February, 1671 points in January, 2803 points in December, 1541 points in November and 2094 points in October. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points
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