28 October 2024 – 08:10 Central Euro Time

We begin the busy week finding at present the Bond, Swiss Franc, Gold and Oil below their respective Neutral Zones for today; above same is the Spoo, and volatility is moderate-to-robust, the Bond already having traced 110% of its EDTR (see Market Ranges). The Gold Update lauds the yellow metal’s near-perfect performance this year, indeed having come within $1,000/oz. of its Dollar debasement valuation for the first time in ten years; still, we warily point to Gold’s near-term overvaluation per price’s movement relative to the other primary BEGOS Markets: in real-time, Gold is +117 points above that smooth valuation line (see Market Values). Nothing is due today for the Econ Baro ahead of a slew of 17 incoming metrics as the week unfolds. And at the halfway point of Q3 Earnings Season for the S&P 500 constituents, ’tis running about average per prior year-over-year quarterly improvements (68% thus far doing better and thus 32% not so).