25 September 2026 – 08:42 Central Euro Time

Both the Bond and Spoo are at present above today’s Neutral Zones, whilst below same is Oil; BEGOS Markets’ session volatility is light-to-moderate. Gold is en route to completing its fourth down week in the last five, however not so much as to yet flip the weekly parabolic trend from Long to Short; still, there shan’t be much wiggle room remaining as we go into tomorrow’s 880th consecutive Saturday edition of The Gold Update. The Spoo (7777) has nearly returned up to its BEGOS Market Value (7812 in real-time); but the P/E of the S&P 500 itself is (ex-CRWD) 47.8x and the yield 1.082% vs. 4.510% on the “riskless” 1yr T-Bill; of note, FedFundsFuts are at present pricing in another +0.25% rate increase come the 28 October FOMC Policy Statement. And the Econ Baro wraps its limited week with the revision to September’s UofM Sentiment Survey and August’s Durable Orders.