21 December 2023 – 09:16 Central Euro Time

The Bond at present is below its Neutral Zone for today; above same are both Copper and the Spoo, and BEGOS Markets volatility is mostly light. As tweeted (@deMeadvillePro) last evening, the S&P 500 lost its prior three days of gains in just three hours, yet another sign of stocks’ fragility, the Index itself (even -1.5% yesterday) still completing its 31st consecutive trading session as “textbook overbought”. Despite the selling, the Spoo by Market Values (in real-time) is +235 points above its smooth valuation line. The Econ Baro incoming metrics include December’s Philly Fed Index, November’s Leading (i.e. “lagging”) Indicators, and the final read of Q3 GDP.