22 February 2024 – 09:29 Central Euro Time

The EuroCurrencies, Metals Triumvirate, and Spoo are all at present above their respective Neutral Zones for today; BEGOS Markets volatility is moderate-to-robust, the Euro having notably traced 116% of its EDTR (see Market Ranges). The “live” P/E of the S&P is 46.9x and the yield 1.439% versus an annualized 5.235% on three-month risk-free dough; the Index is now 23 consecutive trading days as “textbook overbought”; as to the Spoo, ’tis +160 points above its smooth valuation line (see Market Values). The Econ Baro concludes its very quiet week with January’s Existing Home Sales.