Into the year’s final stint we go, with at present both the Bond and Oil above their respective Neutral Zones for today; none of the other BEGOS Markets are below same, and volatility again is light. We’d noted yesterday the Bond’s being quite extended below its smooth valuation line (see Market Values) such that a rise into New Year wouldn’t be untoward: mind at Market Trends the Bond’s “Baby Blues” of trend consistency to support a higher price upon their eclipsing up through the -80% axis; (in real-time they are -91%); for price itself currently 114^16, by its Market Profile there is room to move all the way up to volume resistance at 116^08. The S&P 500 enters its last trading day of the year with a “live” (futs-adj’d) P/E of 46.0x, still dangerously high by any historical yardstick. On to 2025, et Bonne Anneé à Tous!