With Congress agreeing an unprecedented spending bill to prop up the slumping economy, U.S. Equity Markets had their best day in almost twelve years as investors rediscovered their appetite for risk. The US Dollar halted a 10-day winning streak. The S&P 500 rebounded from the lowest level since 2016, notching a third straight Tuesday turnaround — and the biggest one-day gain since October 2008 — after starting the week with a rout. The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933. Lawmakers finally agreed the final sticking points in a roughly $2 trillion stimulus bill to help the U.S. economy get through the Coronavirus pandemic. The Stoxx Europe 600 Index also surged, led by health-care and industrial companies, even as data began to show the extent of economic damage to the region from the Coronavirus. Benchmarks across Asia jumped, with Korea’s Index soaring almost 9% after the government announced measures to stabilise markets. The US Dollar slumped against developed and Emerging Currencies alike, in a tentative sign of reduced stress after the greenback’s steepest appreciation since the Global Financial Crisis and longest winning streak since 2012. European bonds tracked Treasuries lower. About $26 trillion has evaporated from equity markets since mid-February, and investors have been left sifting the wreckage and weigh the chances of a lasting rebound. On the one hand, Wall Street has begun to argue that liquidations are nearing an end with real-money investors like pension funds ready to step in, and there are signs of improvement in some of world’s regions that were hardest-hit by the virus. On the other, the number of infections globally continues to accelerate and many of the largest economies are grinding to a halt. Tuesday’s gain in risk assets follows an unprecedented move by the Federal Reserve to backstop large swaths of the financial system. Still, key gauges of U.S. Manufacturing and Services in March fell the most on record, suggesting the deep toll the pandemic has already taken.

To mark my 2025th 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 lost 170 points yesterday and is now ahead by 7957 points for March, having made 2223 points in February, 2142 points in January, 818 points in December, 780 points in November, 1649 points in October, 1620 points in September and 2387 points in August 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

This content is for Free Members or higher.

Already Have an Account? Log In

New to TraderNoble? Register