Trader Noble Market Commentary 01/07/2021

On 01/07/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets moved slightly higher as investors digested economic data, following a volatile trading session where the Dow led the move higher, after rallying 400 points off its morning low, to end the session with a gain of 0.61%. Markets digested economic data and Federal Reserve speakers. Federal Reserve Bank of Richmond President Thomas Barkin said he expects to see the domestic jobs market unclog by the end of the summer with really good numbers. Then, Federal Reserve Governor Christopher Waller said that he could see the central bank begin tapering …

Trader Noble Market Commentary 30/06/2021

On 30/06/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets traded in a narrow range yesterday with no real direction as both the S&P and NASDAQ again closed at new all-time highs. The NDX led the rally with a gain of 0.33%. Markets opened higher before selling off throughout the day. U.S. Consumer Confidence hit a 16-month high thanks to growing labour market optimism, economic reopenings, and reduced inflation fears. Home prices in the U.S. also rose at their fastest pace in 15 years in April, signalling the demand for homes continues to outweigh the existing supply. President Joe …

Trader Noble Market Commentary 29/06/2021

On 29/06/2021 TraderTalent.com is bringing you Bryan Noble. The widening divergence between the Dow and NASDAQ continued in yesterday’s session as the Indexes closed mixed, with the NASDAQ 100 closing higher by 1.25% while the Dow ended the day with a loss of 0.44%. On infrastructure, President Joe Biden said he supports the bipartisan infrastructure proposal “without reservation.” This eased GOP concerns he may hold out for a larger spending package. But the path forward for the Bill still remains unclear, as Senate Minority Leader Mitch McConnell criticised the Democrats’ plan to push through the bipartisan bill and a separate …

Trader Noble Market Commentary 28/06/2021

On 28/06/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets ended the week on a high note, on heavy volume, due to the annual rebalancing of the Russell Indexes, with the Dow leading the gains, closing higher by 0.69%. Markets opened higher on follow through from Thursday’s infrastructure announcement, where the White House and a group of bipartisan Senators reached an agreement on an infrastructure bill worth $1.2 trillion in spending over the next eight years. After the close on Thursday, the Federal Reserve said all 23 large banks demonstrated strong capital levels in the latest stress tests. This …

Trader Noble Market Commentary 25/06/2021

On 25/06/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets rose on optimism about an infrastructure package with both the S&P and NASDAQ 100 closing at new all-time highs, while the VIX closed lower by 2% at 15.97. Equity Markets gained after two mixed days. Jobless Claims were the big story of the morning. Initial claims fell from the previous week, but came in above estimates. And while they did not resume their decline, this could be seen as a positive for markets. A choppy recovery in the labour market means that the Federal Reserve will keep policy loose, …

Trader Noble Market Commentary 24/06/2021

On 24/06/2021 TraderTalent.com is bringing you Bryan Noble. U.S. Equity Markets bounced around in a narrow range as investors digest economic data, ending the day mixed with the Dow closing lower by 0.22% while the NASDAQ 100 closed with a tiny gain of 0.03%. Markets are still digesting Tuesday’s Testimony from Federal Reserve Chair Jerome Powell. Remember, he said central bank policy will be determined by the economy’s ability to recover lost jobs and not inflation forecasts. In terms of economic data, June’s IHS Markit PMI showed strength – with manufacturing PMI hitting a record high and services PMI hitting …

Trader Noble Market Commentary 23/06/2021

On 23/06/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets traded sideways for most of yesterday’s session as investors digested more Federal Reserve speakers, before rallying in the last hour, led by the NASDAQ 100 making new highs with a gain of 0.94%. The Federal Reserve was in focus once again. In the afternoon, New York Fed President John Williams said that the economy was rebounding, but it was not close to meeting the central bank’s goals yet. That implies further support for the economy. Later in the session, Fed Chairman Jerome Powell said that inflation would fall back down …

Trader Noble Market Commentary 22/06/2021

On 22/06/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets started the week in positive territory as Friday’s losses were reversed, led by the Dow which closed higher by 1.76%. Markets bounced back after last week’s decline. St. Louis Federal Reserve president James Bullard continued his speaking tour, saying that inflation could also come in at the top of the predicted range in 2022. But he noted that the taper discussion was just starting, and it is going to be a while before it is implemented. Dallas Fed president Robert Kaplan also spoke, reiterating that the Fed will gradually withdraw …

Trader Noble Market Commentary 21/06/2021

On 21/06/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets got hit hard on Friday after St. Louis Federal Reserve President James Bullard stoked inflation fears, with the Dow leading the decline with a loss of 1.60%, leading to a surge of 16.62% in the VIX. Comments from St. Louis Fed President James Bullard spooked markets. Bullard said that he sees the first interest rate hike coming as soon as 2022. This was quicker than the Fed’s dot plot showed in last week’s policy meeting. These comments sparked concerns that the Fed would remove support sooner than many investors expect. …

Trader Noble Market Commentary 18/06/2021

On 18/06/2021 TraderTalent.com is bringing you TraderNoble.com. U.S. Equity Markets bounced around in a volatile fashion as investors continued to digest Wednesday’s Federal Reserve’s policy announcement, ending yesterday’s session mixed, with the NASDAQ 100 closing with a gain of 1.29%, while the Dow close lower for a 10th consecutive trading session with a loss of 0.64%. The Federal Reserve announcement was still in focus. The Fed boosted its inflation outlook for the year, but kept its long-term inflation expectation intact. And Federal Reserve Chairman Jerome Powell said it will continue with “powerful” monetary support as the economy is still a long …