06 March 2024 – 09:18 Central Euro Time

Gold has yet to crack its 04 December All-Time High (2153), albeit ’tis knocking on the door; again this is in the context of price trading up this year toward our forecast high of 2375, so the next incremental high is not that big a deal. At present, we’ve Copper above its Neutral Zone for today; the rest of the BEGOS Markets are within same, and volatility is mostly light. A final quick peek at Q4 Earnings Season in looking beyond just the S&P 500: of the 1,859 total companies reporting, just 52% improved their bottom lines over the prior year’s like quarter. For the Econ Baro today we’ve February’s ADP Employment Data, plus January’s Wholesale Inventories. Too, FedChair Powell commences his two-day Humphrey-Hawkins Testimony beginning with the House Financial Services Committee. Then late in the session we get the Fed’s Tan Tome.