06 July 2023 – 09:18 Central Euro Time

The Spoo is the only BEGOS Market at present outside (below) its Neutral Zone for today; volatility is again light-to-moderate; of note, whilst not yet a BEGOS component , the yen has already traced 95% of its EDTR (see Market Ranges for the BEGOS Markets). Even as the S&P 500 has showed some mild weakness, it nonetheless is now ” textbook overbought” through 22 consecutive trading days; by Market Values, the Spoo is (in real-time) +190 points above its smooth valuation line; and at Market Trends, the Spoo’s “Baby Blues” continue to creep lower. The Econ Baro’s busy day includes June’s ADP Employment data and ISM(Svc) Index, plus May’s Trade Deficit.