20 March 2024 – 09:11 Central Euro Time

Spring starts similarly to Winter’s final day, with (save for the Bond) all the BEGOS Markets at present in the red ahead of the Fed; volatility is mostly light (Copper having already traced 63% of its EDTR — see Market Ranges). ‘Twill be interesting to note (perhaps during Chair Powell’s post-FOMC Policy Statement presser) if a FinMedia member brings up the notion of a rate hike, (all as luridly updated in the current edition of The Gold Update). As for the S&P 500, the “live” (futs-adj’d) P/E is 45.8x and the yield 1.380%; that for the 3-month T-Bill is 5.238% annualized. Nothing is due today for the Econ Baro.