Regression to Trend: S&P Composite 227% Above Trend in August

Published on September 11, 2026

The inflation-adjusted S&P Composite Index was 227% above its long-term trend at the end of August.

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Treasury Yields Snapshot: September 11, 2026

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The yield on the 10-year note finished September 11, 2026 at 4.96% while the 2-year note ended at 4.63%.

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The Q Ratio is the total price of the market divided by the replacement cost of all its companies. As of August 2026, the latest Q-ratio is at 2.12.