31 July 2026 – 08:41 Central Euro Time

Into month’s end, we’ve both the Bond and Spoo at present above today’s Neutral Zones, whilst below same are Gold, Silver and Oil; BEGOS Market’s session volatility is mostly moderate. Amongst the five primary BEGOS components, the best correlation we currently have is negative between Oil and the Spoo. Even as Gold is lower today — and excluding the fresh +60 points of December cac premium — price “appears” en route to a second consecutive up week for the first time since that ending 17 April: more of course in tomorrow’s 872nd consecutive Saturday edition of The Gold Update. The Econ Baro finishes its week with July’s Chi PMI and revision to the UofM Sentiment Survey, plus Q2’s Employment Cost Index. And through now better than half of Q2 Earnings Season, 79% of S&P 500 constituents have thus far beaten their-over-year bottom lines, a well-above average improvement pace, (albeit the “live” [futs-adj’d] P/E of the S&P is an unsustainably high 41.7x).