16 October 2025 – 08:41 Central Euro Time

The Euro, Swiss Franc and Spoo are all presently above today’s Neutral Zones; below same is Silver, and BEGOS Markets’ volatility is light-to-moderate. In a microcosm of last Friday’s S&P plunge, yesterday saw 18 hours worth of Spoo gains then fully evaporate in just four hours: the S&P 500 sellers are quite quick to exit each time the Index runs out of puff; again, mind the S&P MoneyFlow page. Gold is becoming ever-more overbought both by Fair Value and BEGOS Value: the latter measure (in real-time) finds the yellow metal +506 points above its smooth valuation line (see Market Values). The StateSide government shutdown continues: due today for the Econ Baro are nine metrics, albeit we’ll likely only receive three: October’s Philly Fed Index and NABH Housing Index, plus September’s Treasury Budget, look to be the only arrivés, whilst left on the shelf shall be data points for September’s wholesale inflation and Retail Sales, August’s Business Inventories, and the prior week’s Jobless Claims.