On the heels of Friday’s notable gains, the entire BEGOS Markets’ complex begins the week in the red with all but the Bond and Spoo below today’s respective Neutral Zones; volatility is light-to-moderate. The Gold Update recognizes the yellow metal picking up needed ground (notwithstanding today’s weakness thus far), and that the S&P for a variety of fundamental reasons appears set to move substantively lower. A StateSide power shift to the right may quell any immediate stocks’ downside, however our better sense says the fundamentals will out in the broader term given rising rates, inflation’s steady pace, unsupportive earnings, and spreading geo-political concerns. ‘Tis a fairly light load of incoming metrics this week for the Econ Baro, beginning today with September’s Consumer Credit.