25 June 2024 – 08:49 Central Euro Time

Gold is the sole BEGOS Market at present outside (below) its Neutral Zone for today; session volatility is light. Going ’round the horn for all eight Market Trends: the Bond, Swiss Franc, Oil and Spoo are in positive linreg; negative is that for the Euro, Gold, Silver, and Copper. Whilst the S&P 500 yesterday was -0.3%, its MoneyFlow (regressed into S&P points) fell -1.9%, the biased constituent therein being NVDA: per the S&P Valuations and Rankings page, amongst the 10 largest cap-weighted constituents, that company’s “live” P/E settled yesterday at 68.4x, second-highest only to that of LLY at 133.0x. As to the S&P itself, yesterday concluded its 11th consecutive session as “textbook overbought”. The Econ Baro awaits June’s Consumer Confidence.