05 May 2023 – 09:20 Central Euro Time

Both the Euro and Oil are at present above today’s Neutral Zones; below same is the Swiss Franc, and BEGOS Markets’ volatility is mostly light with April’s StateSide Payrolls data in the balance. Gold (2054) has remained fairly docile following yesterday’s spike to nearly an All-Time High, (more on that in tomorrow’s edition of The Gold Update). Our “live” P/E for the S&P 500 continues to reside in the stratosphere at 52.5x, reflective of a stagnant Q1 Earnings Season; the Index’s yield is 1.653% versus the U.S. 3-month T-Bill yield of 5.055%. Due too to close out the Econ Baro’s week is Consumer Credit for March.