30 December 2024 – 08:46 Central Euro Time

Both Gold and the Spoo are presently below today’s Neutral Zones; the balance of the BEGOS Markets are within same. and volatility is light. The Gold Update points to price’s ongoing technical negativity, however stating it being more hesitant than in a downtrend; too from a century-to-date perspective (23 completed years), Gold has a tendency to trade net higher for the final two days of the year, whereas the S&P 500 has a tendency to trade net lower. At Market Trends, with the exception of Oil, the seven other BEGOS components are all in negative linreg trends from a month ago-to-date. An interesting trade for which to watch into New Year is the Bond: ’tis (in real-time) nearly -5 full points below its smooth valuation line (see Market Values); typical downside deviation extends to around -3 points. With nothing on its slate for tomorrow, the Econ Baro completes its year today with December’s Chicago PMI and November’s Pending Home Sales.