19 December 2023 – 09:38 Central Euro Time

At present we’ve the Bond, Euro and Copper above today’s Neutral Zones; the other BEGOS Markets are within same, and volatility remains light, (save for non-BEGOS Yen which already has traced 121% of its EDTR [see Market Ranges for the BEGOS components]). At Market Ranges we continue to watch for the Bond’s “Baby Blues” to let go to the downside: however, they’ve remained pasted to the ceiling for better than a full month as price continues to rise. The “live” P/E of the S&P 500 (fut’s-adj’d) is 45.8x and the Index’s “textbook oversold” condition now enters its 30th consecutive trading day. The Econ Baro looks to Novembers’ Housing Starts/Permits.