24 March 2023 – 09:19 Central Euro Time

Both the Bond and Silver are at present above their Neutral Zones for today; below same are both the Euro and Swiss Franc; and session volatility is light-to-moderate. We again stress per our S&P MoneyFlow page that the inFlow is outpacing the actual change in the Index itself, suggestive there still being no “fear” in the market, and that indeed higher Index levels are in the offing, even as the “live” (futs-adj’d) P/E is 46.1x. And at Market Values, the least deviation is by the Spoo at 43 points below its smooth valuation line; for the balance of the Primary BEGOS Markets, the Bond shows as nearly 7 points “high”, the Euro as over 0.02 points “high”, Gold as 151 points “high” and Oil as over 7 points “low”. The Econ Baro closes out its relative inactive week with February’s Durable Orders.