Deltas are against the 25 October edition. Values read live from moneyspider.net on 2 November 2026.
MACRO — THE ECONOMY
Trajectory Enquiries: US Debt: total public debt $40.59T (29 Oct), from $40.44T; FY2026 gross interest $1.36T, unchanged on the page; bills 22.4% of marketable debt; the 10-year at 4.94% (30 Oct), from 5.00%, against an average rate paid of 3.53%, so the gap is +1.41 points. [Confirmed]
Trajectory Enquiries: US Markets: unchanged at 255% (Q2 2026), still Significantly Overvalued — next update mid-December with Q3 data. [Confirmed unchanged]
Trajectory Enquiries: US Inflation: unchanged at 12¢ (a 1971 dollar, CPI, Aug 2026); live gold $3,906/oz, from $4,017. [Confirmed]
Treasury Yields (inside Trajectory Enquiries, Line 4): 10-year 4.94% and 30-year 5.31% on 30 Oct; the 10-year minus 2-year spread +0.38 points, from +0.31. [Confirmed]
MICRO — THE STOCKS
Trajectory Enquiries: Global Stocks: 36 of 562 companies at or within 1% of their high, from 28 of 525 (the roster has grown, so the count is not like-for-like); all 8 legs have at least one company at its high; Earth is the leading leg at 72.7% of high on average. [Confirmed]
Utopia’s Eleven: $27.26T combined empire, from $28.13T; Apple now the largest at $5.03T, with Nvidia second at $4.93T (87% of its high); Banquo’s Ghost (value shed from highs) up to $5.32T, from $4.38T. [Confirmed]
Cape Fear / Mathematical Scenarios: unchanged at CAPE 42.18 (Jul 2026 print). [Confirmed unchanged]
The High Water Mark / Leg by Leg: 637 companies tracked, from 525; average % of high 66.5%, from 67.1% — the larger roster is not like-for-like. [Confirmed]
The Debt Garden: $28.0B combined, from $27.0B; Ares Capital still largest at $13.8B. [Confirmed]
The Market’s Golden Geese: unchanged — same 1926–2025 dataset ($91T of wealth created; 46 firms account for half).
DEMOS — THE PEOPLE
Trajectory Enquiries: Consumers: unchanged at 48.0 (Oct final). [Confirmed unchanged]
The Tax Net: new on the Demos page — 18.1% against 9.2% in the comparison it shows. [Confirmed as shown on the page]
Hot or Not: unchanged and stale — the page has not been refreshed since 23 Sep. [Stale — refresh due]
POLIS — THE STATE
The Watchtower: US midterms 1 day out, from 8; Bank of England decision 3 days out. [Confirmed]
The Gold Hole: eased to $46.09bn, from $47.52bn, as gold fell; gold CAGR since the sale 11.0% a year, from 11.2%. [Confirmed]
The Long Fuse: no live feed, nothing to update.
FLOWS — THE CAPITAL
Net Liquidity Tracker: $5.75T (28 Oct), from $5.80T (21 Oct). [Confirmed]
The Tide Table: unchanged — year-end 2025 data.
Mind the Gap: unchanged at ¥159.21 and a 1.81pp US–Japan 10-year spread — still dated 21 Aug. [Confirmed, stale]
Housekeeping: The Camel’s Back was retired on 29 October and is no longer listed.