23 March 2023 – 09:34 Central Euro Time

The S&P 500, after responding positively to yesterday’s anticipated +25bp FedFunds rate increase, was then significantly turned back negatively upon the Treasury’s not intending to expand protection for bank depositors. Regardless this morning, the Spoo is trading at present above its Neutral Zone for today, as too are both the Euro and Copper; Silver is below same, and volatility is light-to-moderate in the context that Market Ranges have expanded. By Market Rhythms, the two most consistent are the Bond’s 30-minute Parabolics and MACD. Included for the Econ Baro today are February’s New Home Sales and Q4’s Current Account Balance.