Charles Green here, Senior Market Analyst here at Traders Agency.
Here’s today Market Pulse 360.
Market Pulse 360 for November 3, 2023
Following the Fed’s decision, other central Banks around the world took no action yesterday to increase their short term rates during their monetary policy meetings.
This is very positive for risk assets.
We’ve had four days of positive movement in the market, which will bring some of the sideline money back into stocks.
The 10-year Treasury yield retreated further to below 4.7% which is a huge positive, adding more fuel to the market move yesterday.
We are finally seeing positive movement on my BIG 3 – Nasdaq closing above 13,000, then 14,000, bond rates moving down and ultimately below 3%, and inflation going below 3% toward the Fed’s 2% inflation target.
Next stop for the market is Nasdaq 13,500.
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A Bit More About Me
My specialty is understanding financial markets and the drivers that influence longer-term direction. I’ve been an active trader focusing primarily on stocks for over 20 years.
- Been an adjunct finance professor for nearly 20 years
- Worked as a financial consultant with Merrill Lynch managing millions of dollars
- Earned a Master of Science Degree in International Business and Finance from Georgetown University and a Bachelor in Arts Degree in International Studies from George Mason University.
- Spent 14 years as a Marine (I enlisted at age 17) traveling all around the world
My education, work and life experience gives me a broad view of the world, financial markets, and life in general that informs my trading and investment decisions.
My passion is helping others to take advantage of the best market opportunities to achieve their financial goals.
This gives me the greatest satisfaction, and it’s the reason why I continue to teach in the classroom and outside of it today with every activity in which I engage. I believe that I succeed only if clients succeed.
I am a very unlikely success story. And this is only because I believe that anything is possible with the right knowledge, focus, and winning mentality! When you have that, success is just a matter of time.
Senior Market Analyst, Traders Agency