23 September 2024 – 08:23 Central Euro Time

We start the week to find the Bond at present below its Neutral Zone for today; the other BEGOS Markets are within same, and volatility is light. The Gold Update highlights the yellow metal’s further flying to new highs, but does question the Fed’s -50bp rate cut versus our anticipated -25bp move; therein cited as well is the unsupportive monetary inflow of late into the otherwise record-setting S&P 500, (as too was “X’d” [@deMeadvillePro] this past Friday): mind the S&P 500 MoneyFlow page. Specific to the Spoo, in real-time ’tis +240 points above its smooth valuation line (see Market Values). The Econ Baro is quiet today ahead of the week’s batch of 11 incoming metrics, including the “Fed-favoured” gauge of inflation — Core PCE Prices — come Friday.