Following a late sell-off, U.S. Equity Markets closed lower led by the 0.71% fall in the Dow. Despite the across the board sell-off, the VIX also closed lower by 1.20% at a price of 20.70. February Conference Board Consumer Confidence fell 4.2 points M/M with the largest decline coming in consumer expectations. Both the Chicago PMI and Richmond Fed Manufacturing Index for February showed declining readings as shipments and employment metrics both fell. The Shiller House Price Index showed further declines, prompting hopes that housing inflation will soon follow suite in the upcoming CPI reading for February. Target (TGT) reported better-than-expected earnings, but future guidance was set lower. The retail firm provided a bright outlook for the overall industry as it said that inventory issues were improving, contracting 3% year over year in the fourth quarter. However, it also iterated that the environment remains challenging and that pre-pandemic operating margins are likely to be recognised in fiscal year 2024 at the earliest. Within the S&P 500 Index , eight of the 11 sectors finished lower. European Markets also closed lower. ECB Governing Council member Boris Vujcic said it must continue to raise interest rates until inflation growth is back under control, while Philip Lane said that Euro-Zone inflation pressures have begun to ease, but the central bank will continue on its current course until price growth approaches its 2% target. Euro-Zone yields spiked following hotter inflation data out of France and Spain. The Germany 10-year yield rose to near 2.65%, marking the highest level since 2011. British grocery price inflation hit 17.1% in February, according to data analytics and brand consulting firm Kantar. Finally, the German IFO Survey said the number of domestic companies reporting supply-chain shortages is the lowest since April 2021. In Asia, The People’s Bank of China added another $47.7 billion worth of liquidity to the financial system through reverse repurchase operations in an attempt to support economic growth. The China National Nuclear Corporation said the government will approve between six and 10 nuclear reactors this year in an effort to reduce dependence on foreign energy sources. Unused vessel capacity approached the highest levels since 2020. Maritime consultant firm Drewry reported that a vast majority of these idled container ships are now parked off the coast of China with expectations that demand will soon surge within the region. Japan’s Industrial Production contraction in January was worse than expected, hitting the lowest level since last May on falling demand for cars, auto parts, and semiconductors. Meanwhile, Australia’s Retail Sales rebound in January was stronger than anticipated, keeping pressure on the central bank to maintain high interest rates. Elsewhere, Oil rose 1.49%, while despite a stronger Dollar, Gold rebounded from earlier lows to close higher by 0.33%

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 for details

For anyone following my Platinum Service it made 260 points yesterday, 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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