09 December 2022 – 09:26 Central Euro Time

The Swiss Franc, Copper and the Spoo are trading at present above today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility again is light as our Market Ranges continue to narrow. The Spoo’s cac volume is rolling from December into March, the latter’s premium being +31 points (one of the highest we recall) with short-term money trading at a comparably high yield. The price deviations from valuation that we noted in yesterday’s comment continue to remain excessive and well-worth watching (via Market Values) toward year-end and as 2023 gets underway: price always resolves to valuation, (albeit valuation itself also shifts at a ponderous rate from day-to-day). The Econ Baro completes its week with December’s UofM Sentiment Survey, November’s PPI, and October’s Wholesale Inventories.