As was the same situation ’round this time yesterday, the Swiss Franc is presently below its Neutral Zone whilst above same is Copper; session volatility for the BEGOS Markets is light. The futs-adj’d “live” P/E of the S&P 500 is 49.6x: ’twill be interesting to see if (i.e. “when”) 50x is reached, the Index as a whole remaining extraordinarily expensive if not outright dangerous. As it ought be a rangy day for the Spoo with January’s Payrolls due, key apices in the Market Profile are 6099, 6086, 6076, 6065, 6047 and 6025. Gold’s remarkable resilience continues: more on that in tomorrow’s 795th consecutive Saturday edition of The Gold Update. And for the Econ Baro in addition to the jobs data for January, we’ve also February’s UofM Sentiment Survey, and for December both Wholesale Inventories and Consumer Credit.