The Bond begins the week at present below its Neutral Zone for today; Oil is above same, and BEGOS Markets’ volatility is light. The Gold Update details the yellow metal having achieved a run in less than one year of ten +100-point milestones, the most recent of course being 3700 this past Tuesday; too is stressed the massive overvaluation of the S&P 500 and the notion of it perhaps nearing a crash as Gold gets the cash. That stated, the S&P 500’s MoneyFlow (per our page) is very supportive of the Index’s ascent, even as the “live” (futs-adj’d) P/E in real-time is 46.7x. Cac volume for the Spoo is rolling from September into December. ‘Tis a busy week for the Econ Baro with 14 incoming metrics scheduled, beginning today with September’s NY State Empire Index. Wednesday is the week’s centerpiece of the FOMC vote to reduce the Funds rate by -25bp, an event which already has been “priced-in” to the S&P time and again.