19 January 2024 – 09:19 Central Euro Time

As was the case yesterday at this time, all eight BEGOS Markets are presently within their respective Neutral Zones for today, and volatility thus again is quiet. The amount of money it takes to move the S&P 500 one point is literally but half was it was just back in November, a “warning sign” as to just how frothy the S&P has become; too, with the “live” P/E at 48.5x, the Index remains on very unsteady footing. That noted, the S&P’s MoneyFlow has been on the upside go notably these last two trading days. The Econ Baro concludes its week with January’s UofM Sentiment Survey and December’s Existing Home Sales.