06 December 2024 – 08:43 Central Euro Time

Presently, all eight BEGOS Markets are within their respective Neutral Zones for today, and volatility to this point of the session is light-to-moderate. The Metals Triumvirate is thus far getting the most play, the EDTR (see Market Ranges) tracings being 68% for Silver, 71% for Copper and 77% for Gold. As anticipated, both the Euro and Swiss Franc have moved higher since their “Baby Blues” (see Market Trends) climbed above their -80% axes coming out of last week. And going ’round the Market Values horn for the five primary BEGOS components we’ve (in real-time) the Bond as better than +3 points “high” above its smooth valuation line, the Euro -0.012 points “low”, Gold -20 points “low”, Oil -1.43 points “low” and the Spoo +229 points high. The S&P 500 has been at an “extreme” level of being “textbook overbought” now for seven consecutive trading days, a condition not seen since early November 2021, following which the Index “corrected” by better than -22% over the ensuing eight months. The Econ Baro concludes its week with December’s UofM Sentiment Survey, November’s Payrolls and late in the session October’s Consumer Credit.