There was a further advance by US stocks on Monday in thin trading, with trade hopes lifted following weekend comments from US President Donald Trump claiming ‘’big progress’’ was being made towards a deal between the US and China. The Dow rose 1.15%, while the Nasdaq Composite closed up 0.77%. The S&P 500 closed up 0.85%. For the year, the Index was 6.24% lower, its worst annual performance since the GFC. The 9.18% decline last month represented the worst December since 1931. Despite the positive equity sentiment, the final trading day of 2018 saw Treasuries continue to rally, the UST 10yr tightening a further ~3bps into 2.68%. This is the lowest level since last February, the last significant spike in volatility prior to the most recent period. Other parts of the curve tightened. The 5yr was ~4bps tighter at 2.51%, while the 2yr was ~3bps tighter at 2.49%.

To mark my 1725th 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 was flat last Monday as none of my trades were hit. It closed December with a gain of 2803 points, having made 1541 points in November, 2094 points in October and 1279 points in September. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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