19 August 2024 – 08:12 Central Euro Time

The week begins finding both the Euro and Swiss Franc at present above today’s Neutral Zones; none of the other BEGOS Markets are outside of same, but volatility already may be deemed as moderate: again, mind the Market Ranges page to maintain context for current ETDR readings. The Gold Update acknowledges the yellow metal’s new All-Time High, indeed to up to 2550: characterized therein are the price pullbacks that have beset Gold upon making fresh highs thus far this year; and by Market Values (in real-time), Gold is +144 points above its smooth valuation line. Q2 Earnings Season has concluded with 70% of S&P 500 constituents bettering their bottom lines from Q2 of a year ago: that is a comparably above average performance; ‘course, the “live” P/E at 40.8x remains the unsustainable issue. ‘Tis a very quiet week for the Econ Baro with just four metrics due, beginning today with July’s Leading (i.e. “lagging”) Indicators.