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 firstname.lastname@example.org 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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