The BEGOS Markets’ two-day session continues, Gold having furthered its All-Time High to 3578 and Silver having traded up to one pip below 42.000 at 41.995; also above its Neutral Zone is Oil and the Bond is below same; volatility for the combined two days is largely robust, albeit the Spoo has been the least rangy of the bunch in tracing only 53% of its EDTR (see Market Ranges) given the absence of the S&P 500 not trading yesterday. As stocks commence their historically-worst month, the “live” futs-adj’d P/E of the S&P is 44.7x and by Market Values the Spoo is (in real-time) +101 points above its smooth valuation line. The Econ Baro begins its week with August’s ISM(Mfg) Index and July’s Construction Spending.