03 January 2023 – 09:50 Central Euro Time

The Spoo has spurted higher to start the year and is above its Neutral Zone for today as are the Bond, Gold and Silver; the Euro and Swiss Franc are below same, and volatility already is moderate-to-robust with the Euro, Swiss Franc, Gold and Copper having thus far exceeded 100% of their EDTRs for today (see Market Ranges). Even as the precious metals rise, the Dollar too is firm (again per our long-running observance that “Gold plays no currency favourites”). Amongst our Market Rhythms, the most consistent swing results as year-end were (last 10 swings) the Spoo’s daily MoneyFlow study and (last 24 swings) the Spoo’s 60-minute Parabolics. The Econ Baro starts its year with November’s Construction Spending.