U.S. Equity Markets were volatile on vaccine and inflation concerns, before ending yesterday’s session with mixed results. Markets were lower early in the morning, before turning sharply higher. Vaccine news sparked some concerns, after the U.S. halted Johnson & Johnson’s vaccine over blood clot fears. Johnson & Johnson also said it was delaying the rollout of its vaccine in Europe pending an investigation. Despite this, the White House said the halt would not impact the country’s vaccine rollout. Consumer Price Index (“CPI”) data also came in above estimates, sparking fears of a spike in inflation. But core CPI came in below estimates. This data coincides with what we have been hearing from members of the Federal Reserve… Inflation may raise near term, but the issue will be temporary. Richmond Fed president Thomas Barkin remained optimistic on the economy, saying that it should be back to full output by the fall. Now, all eyes turn to the start of earnings season this afternoon. European Markets closed mixed. Germany’s ZEW Indicator of Economic Sentiment for April was weaker than expected, falling versus March, amid ongoing COVID-19 related lockdowns. The German cabinet was said to have passed a bill to make tighter social-distancing restrictions mandatory in areas considered to be coronavirus hotspots. And the Bank of France said that the country’s economy was faring better through the most recent round of lockdowns. Elsewhere, Oil gained 1.16% as OPEC raised its demand outlook for 2021, while Gold rose 0.73%, after CPI data pointed to a pickup in inflation, boosting hedges like gold.

To mark my 2300th 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 finished with a gain of 55 points yesterday and is now down 102 points for April, having ended March with an impressive gain of 3769 points, having made 3286 points in February, 2077 points in January, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September and 2383 points in August. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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