30 September 2024 – 08:11 Central Euro Time

Both Copper and Oil are at present above today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility runs from light-to-robust, Copper notably already having raced 151% of its EDTR (see Market Ranges). The Gold Update — despite the yellow metal’s recent run to record highs — cautions near-term overvaluation vis-à-vis Gold’s Market Value, price (in real-time) +141 points above its smooth valuation line; the missive also issues our multi-catalyst stock market warning. ‘Tis the final trading day of Q3, the S&P 500 sporting the “live” P/E of 42.3x and the Spoo (in real-time) now +220 points above its smooth valuation line, (see Market Values for all five primary BEGOS Markets’ like valuations). The Econ Baro begins its week with September’s Chi PMI.