On 29/09/2021 TraderTalent.com is bringing you another guest post from Bryan Noble.

U.S. Equity Markets sold off sharply on interest rate fears, led by the NASDAQ 100 which ended yesterday’s session with a loss of 2.88%, resulting in the VIX surging, to close 24% higher at a price of 23.25. Interest rate fears were back, with the 10-year Treasury hitting the highest level in three months. The stock market bears are going to use this to try and push markets lower, saying that rising yields mean inflation expectations are rising. Elsewhere, Federal Reserve Chair Jerome Powell spooked markets again. Powell noted inflation could remain high for a while. The comment was in line with his previous statements. In his statement, Powell noted household spending had cooled in July and August in COVID-sensitive sectors. And he said near-term supply constraints held back economic output. In terms of economic data, the Richmond Fed Manufacturing Index fell into contraction, while Consumer Confidence fell unexpectedly. European Markets fell sharply. Growth from Knowledge’s German consumer confidence data for October unexpectedly rose, as business and income expectations saw large gains. European Central Bank Governing Council member Pablo Hernandez de Cos said the central bank has not discussed asset purchase tapering and that stimulus removal needs to be measured. ECB President Christine Lagarde said that the Euro-Zone economy has recovered quickly, while reiterating the central bank sees the recent inflation increase as temporary. In Asia, The People’s Bank of China said it would maintain flexible, appropriate, and targeted monetary policy, while protecting the rights of housing consumers. Japan’s Economy Minister Yasutoshi Nishimura said the government is seeking an advisory panel’s approval to end the COVID-19 state of emergency as infections are subsiding. The Bank of Korea’s Consumer Confidence Index numbers for September improved versus August as household spending plans hit the highest level since June. Australia’s Retail Sales figures for August fell less than anticipated, also exceeding July levels, as department store and restaurant spending improved. Elsewhere, Gold closed 1.07% lower on Dollar strength, while Bitcoin fell 4% on little news.

To mark my 2400th 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 [email protected] for details

For anyone following my Platinum Service it made 21 points yesterday and is now ahead by 2809 points for September, having closed August with a gain of 1543 points, and 996 points in July. The Platinum Service made 1366 points in June, 1439 points in May, 1244 points in April, having ended March with an impressive gain of 3769 points, 3286 points in February, 2077 points in January, and 2273 points last December. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points


To view the current daily levels commentary (which non-members can only view in older reports) you would need to purchase a Trader Noble Commentary Subscription from US$50/month.


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