14 November 2024 – 08:16 Central Euro Time

‘Tis red across the board for all eight BEGOS Markets, albeit not at present below today’s Neutral Zones are both the Bond and Oil; volatility is mostly moderate. Our best current correlation amongst the five primary BEGOS components is positive between the Bond and Euro. The S&P 500 yesterday reached our “extreme” level of being “textbook overbought”, meaning price has become excessively high by its BollBands, RSI and Stochastics; and the Spoo in real-time is +228 points above its smooth valuation line (see Market Values); too by Market Trends, the Spoo is the sole market (of all eight) sporting a positive 21-day linear regression trend. The Dollar Index today has reached its firmest level (106.695) since 01 November 2023. And included in today’s incoming metrics for the Econ Baro we’ve October’s wholesale inflation (PPI), expectations there for an increase over the September data by both the headline and core readings.