03 February 2025 – 08:47 Central Euro Time

The Dollar is getting a very health bid, such that — save for the Bond (at present above today’s Neutral Zone) and Oil — the six other BEGOS Markets are in the red and all below said Neutral Zones; volatility is mostly robust. The Gold Update celebrates the yellow metal’s new All-Time High (furthered today up to 2862 basis the April cac) whilst again warning of the extreme overvaluation and fragility of the S&P 500; at this instant (per the Spoo and adjusting for Fair Value) were the stock market to open, the S&P would gap down -1.8% to 5931 from Friday’s 6041 settle. Our best Spoo Market Rhythm for pure swing consistency (10-test basis) is currently the 6hr MACD. And the Econ Baro commences its week with January’s ISM(Mfg) Index and December’s Construction Spending.