The S&P 500’s intraday high-to-low percentage loss yesterday of -2.8% was its worst since 02 November 2022; the session’s -164 intraday points loss was the worst since 05 May 2022; whilst the Index is now five days “textbook oversold”, it remains vastly overvalued per the “live” (futs-adj’d) P/E now 37.7x. At present we’ve the Euro and Metals Triumvirate all above today’s Neutral Zones, whilst below same is the Spoo; volatility is moderate. Specific to the Spoo by Market Values, ’tis (in real-time) -161 points below its smooth valuation line. Gold has recorded another “faux” All-Time High (2513) by the so-called “continuous contract” which is now that for December (see yesterday’s Commentary). And the Econ Baro looks to July’s Payrolls data and June’s Factory Orders.