15 Sep ’22, 09:25 Central Euro Time:

The Bond, Oil, Silver and Gold all are at present below today’s respective Neutral Zones; the balance of the BEGOS Markets are within same, and volatility is again light-to-moderate ahead of a cavalcade of incoming Econ Baro metrics. As mused in The Gold Update, the weekly parabolic trend has provisionally flipped from Long to Short, suggestive that the year-to-date low (1678) shall be breached. For the S&P, just as we saw “fear” in the MoneyFlow on Tuesday, yesterday’s wee gain nonetheless had more than supportive inflow, indicative that the dip buyers are active; however we continue to anticipate the year’s low (3637) going lower still. The Econ Baro’s load today includes September’s NY State Empire and Philly Fed Indices, August’s Retail Sales, Ex/Im Prices, and IndProd/Cap/Util, plus July’s Business Inventories.

Leave a comment