27 December 2023 – 09:23 Central Euro Time

Both the Bond and Copper are at present above today’s Neutral Zones; the other BEGOS Markets all are within same, and volatility is again light. The S&P 500 is -44 points below its 4819 all-time high; the EDTR (see Market Ranges) for the Spoo is coincidentally 44 points; (for the S&P itself ’tis 38 points); the S&P is entering its 35th consecutive “textbook overbought” trading session, and the Spoo (in real-time) is +256 points above its smooth valuation line; (extreme too is the Bond now better than +7 points above same). The “live” P/E of the S&P is 46.3x and the yield 1.468% vs. 5.203% for three-month U.S. dough. By Market Trends, both Silver and Oil remain the only two components in 21-day linreg downtrends, albeit the latter’s “Baby Blues” are swiftly rising. Again the Econ Baro remains quiet until tomorrow.