18 July 2024 – 08:31 Central Euro Time

The Euro is at present below its Neutral Zone for today, whilst above same are both Gold and the Spoo; BEGOS Markets’ volatility is light. Yesterday’s -1.4% decline for the S&P 500 was hardly enough to undo the Index’s “textbook overbought” condition as it now enters a 27th straight trading day as such. Going ’round the Market Values horn (in real-time) for the five primary BEGOS components, we’ve both the Bond and Euro priced nearly in sync with their respective smooth valuation lines, where as Gold shows as +87 points “high”, Oil as +3.24 points “high” and the Spoo as +116 points “high”. The Econ Baro concludes its week today with metrics including July’s Philly Fed Index and June’s Leading (i.e. “lagging”) Indicators.