08 October 2024 – 08:15 Central Euro Time

At present we’ve the Bond above today’s Neutral Zone, whilst below same are both Copper and Oil; session volatility on balance for the BEGOS Markets is mostly moderate, albeit Copper and Oil already have traded beyond 100% of their EDTRs (see Market Ranges). As noted yesterday, Silver’s “Baby Blues” (see Market Trends) have confirmed settling below their key +80% axis and those for Gold in real-time are provisionally below same: thus we’d look for lower precious metals prices near-term, perhaps for Silver right ’round 31 and for Gold 2620-2570; the latter by Market Values is in real-time +79 points above its smooth valuation line. The futs-adj’d “live” P/E of the S&P is 41.9x and the yield 1.302%; that for the risk-free 3mo T-Bill is 4.525%. The Econ Baro awaits August’s Trade Deficit.