19 February 2024 – 09:15 Central Euro Time

‘Tis the first of a two-day session for the BEGOS Markets (given today’s StateSide holiday). At present, both the Bond and Silver are below today’s Neutral Zones, whilst above same are Gold and the Spoo; volatility is light-to-moderate, Silver having already traced 76% of its EDTR (see Market Ranges). The Gold Update re-muses over the notion of the Fed perhaps having to raise (rather than stand pat or cut) rates; and with Gold’s weekly parabolic trend having flipped from Long to Short, we anticipate the 2020-1936 support zone seeing further testing. Following a very busy week of 19 incoming metrics for the Econ Baro, just three are on the slate this time ’round. Q4 Earnings Season has two weeks yet to run: specific to the S&P 500, of the 364 constituents having thus far reported, 62% (276) having improved their bottom lines over Q4 of a year ago.