27 October 2023 – 09:01 Central Euro Time

The Bond is at present below its Neutral Zone for today, whilst above same are Copper, Oil and the Spoo; BEGOS Market’s volatility is mostly light. As tweeted (@deMeadvillePro) last evening, we’re finally seeing some “fear” in the Flow, the S&P 500 falling -1.2% yesterday, but its MoneyFlow regressed into S&P points was -2.4%; still, the Index for the present is “textbook oversold”, so perhaps some bounce to unwind that condition, followed then by lower levels sub-4000 (S&P at present is 4137). At Market Trends, the Swiss Franc’s “Baby Blues” have (in real-time) provisionally slipped below their +80% level, suggestive of lower prices near-term, which coincident with a Fed rate hike would further foster Dollar strength. Indeed ahead of next Wednesday’s FOMC Policy Statement, the Econ Baro’s incoming metrics for today include the “Fed-favoured” Core PCE Price Index along with the month’s Personal Income/Spending.