19 September 2025 – 08:39 Central Euro Time

The S&P 500 is at an all-time closing high (6632) following yesterday’s all-time intraday high (6657). The Spoo however is weaker this morning (6687) and presently below its Neutral Zone for today, as are the Bond, Swiss Franc and Oil; above same is Silver, and session volatility for the BEGOS Markets is moderate. Amongst the five primary BEGOS components, the best current correlation is positive between Gold and Oil. Gold, after reaching another All-Time High this past Wednesday (3744) is by its daily technicals showing the earliest signs of perhaps some price pullback: more on that in tomorrow’s 827th consecutive Saturday edition of The Gold Update. And Copper’s “Baby Blues” (see Market Trends) just confirmed a sell signal last evening, the level of the Blues having settled below the key +80% level. The Econ Baro is quiet today following a rather choppy week of 14 incoming metrics.