03 August 2023 – 09:25 Central Euro Time

The Bond, Swiss Franc, Silver, Oil, Spoo are all at present below their Neutral Zones for today; none of the other BEGOS Markets are above same, and volatility is moderate-to-robust, the Bond notably having already traded 112% of its EDTR (see Market Ranges); the latter by Market Values is more than -8 points below its smooth valuation line, whilst the Spoo finally has returned to same for the first time since 05 May. By Market Trends, the Spoo has confirmed its “Baby Blues” dropping below their key -80% level; thus still lower price levels are expected near-term; as noted we’re seeking the 4455 level. The S&P yesterday fully unwound its “textbook overbought” condition following that run of 41 consecutive trading days. In addition to Q2’s Productivity and Unit Labor Costs, the Econ Baro looks to July’s ISM(Svc) Index and June’s Factory Orders.