The first of the BEGOS Markets’ two-day session (given the StateSide holiday) finds at present the Bond, Silver, Copper and Oil all below their respective Neutral Zones for today; none of the other BEGOS components are above same, and volatility is light-to-moderate, Silver notably already having traced 82% of its EDTR (see Market Ranges). The Gold Update points to last week as being the yellow metal’s second-narrowest trading week (percentage distance between high and low) year-to-date, and the bizarre notion of firm Q2 GDP growth even as the Econ Baro plummeted throughout that reporting period. The S&P 500 is now a dozen days “textbook overbought” on weak MoneyFlow, the futs-adj’d “live” P/E 40.7x and yield 1.304%; of note, the yield on the 3mo T-Bill has finally slipped sub-5% to 4.968%.