U.S. Equity Markets took a breather yesterday, finishing the day mixed. The Dow closed 0.9% higher while the NASDAQ 100 continued Monday’s reversal, closing lower by 1.74%. After Monday’s positive vaccine news, focus shifted to how Pfizer and BioNTech would distribute the vaccine and how soon the general public could get the shot. But there are still COVID-19 concerns… The Federal Reserve warned the country could still face a wave of defaults, and asset prices could weaken should Consumer Sentiment and the economy begin to weaken. Federal Reserve Bank of Dallas President Robert Kaplan also expressed caution on the growth outlook. Kaplan said he anticipates 3.5% economic growth for all of next year. That is slightly below the FOMC’s forecast of 4% growth. He added that growth in the Fourth Quarter of 2020 could be hurt by rising COVID-19 cases. Economic data were positive after Job Openings data showed that businesses are still looking to hire and that layoffs are slowing. This is a good sign for the labour market’s recovery. Meanwhile, European Indices gained. The European Union said it would impose $4 billion worth of tariffs on U.S. imports but was hopeful the trade relationship would improve under President-elect Joe Biden. German Health Minister Jens Spahn said he expected the country to sign an agreement with Pfizer and BioNTech to purchase doses of a COVID-19 vaccine “in the coming days.” French Finance Minister Bruno Le Maire said the government is ready to increase spending to support businesses as it deals with a second lockdown. Oil rallied on speculation the approval of a COVID-19 vaccine will usher in a return to “normal,” supporting demand and prices, closing higher by 2.65%, while Gold closed 0.95% higher after Monday’s sharp $100 sell-off.

To mark my 2175th 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 370 points yesterday and is now ahead by 1187 points for November having made 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, an incredible 9264 points in March, 2223 points in February and 2142 points in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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