05 August 2024 – 08:30 Central Euro Time

The Spoo is sufficiently lower (-2.7%) such that were RTH to begin at this moment, the S&P itself would open -3.1%. BEGOS Markets’ volatility is robust, with at present the Bond and Swiss Franc above today’s Neutral Zones, whilst below same are the Metals Triumvirate, Oil and Spoo. The Gold Update points to the yellow metal as last week having made a “FATH” (Faux All-Time High) resulting form the August-to-December cac roll: by the latter, the All-Time High per December is now 2538 (17 July). Looking at Market Trends, the “safe-haven” BEGOS components of the Bond, Swiss Franc and Gold are in 21-day positive linreg; the other five markets are in negative linreg. ‘Tis a very quiet week for the rather decimated Econ Baro: just five metrics are due beginning today with July’s ISM(Svc) Index.