16 February 2023 – 09:21 Central Euro Time

Both Copper and Oil are at present above their Neutral Zones for today; the rest of the BEGOS Markets are within same, and volatility is light. The S&P 500 (for which the futs-adj’d “live” P/E is 41.0x) is now “textbook overbought” through these past 24 trading days; by Market Values, the Spoo (in real-time) is 157 points “high” above its smooth valuation line; and by its Market Profile, the two most dominantly-traded underlying supports are 4145 and 4125. This week’s busy cavalcade of incoming Econ Baro metrics continues, today including February’s Philly Fed Index and January’s Housing Start/Permits plus the PPI.