31 October 2023 – 08:59 Central Euro Time

The Bond is at present above its Neutral Zone for today; the balance of the BEGOS Markets are within same, and volatility is again light-to-moderate; thereto of note, whilst not (yet) a BEGOS component, the Yen has traced 235% of its EDTR (see Market Ranges for those of the BEGOS Markets) as the BOJ maintains its long-term debt rate of 0% (as opposed to going negative). StateSide, the S&P 500 yesterday gained +1.2%: however the MoneyFlow was only +0.5%, indicative of the relief rally (from the Index’s still “textbook oversold” condition) lacking substance. Going ’round the Market Values page (in real-time) for the primary BEGOS Markets, we’ve the Bond nearly +3 points “high” above its smooth valuation line, the Euro +0.016 points “high”, Gold +131 points “high”, Oil -4.89 points “low” and the Spoo -143 points “low”. The Econ Baro awaits October’s Chicago PMI and Consumer Confidence, plus Q3’s Employment Cost Index.