20 April 2023 – 09:15 Central Euro Time

Both the Bond and Swiss Franc are at present above today’s Neutral Zones; below same is Oil, and session volatility is light. Oil has today traded as low (78.24) as it has since the OPEC+ price gap; too, Oil’s “Baby Blues” (see Market Trends) have provisionally slipped below their +80% axis, suggestive of lower price levels; it thus appears the gap down to 75.83 shall close near-term. Also per Market Trends, the Bond’s linear regression has rotated to negative; next to do so looks to be that for Copper. The “live” P/E of the S&P (futs-adj’d) is 47.8x and the yield 1.633%; that for annualized for the U.S 3-month T-Bill is 4.995%. ‘Tis a key day for the Econ Baro, incoming metrics including April’s Philly Fed Index, plus March’s Existing Home Sales and Leading (lagging per the Baro) Indicators.