Given the StateSide holiday, ’tis a two-day session for the BEGOS Markets with settlement tomorrow (Tuesday). Presently, we’ve but one BEGOS component outside (below) its Neutral Zone for the session, that being Gold -0.9% (5017); overall volatility thus far expectedly is quite light. The Gold Update cites (as we’d anticipated a week prior) a compressing of the yellow metal’s trading range; Gold’s EDTR (see Market Ranges) for today is 248 points, but doubtless the actual range shan’t be that vast, (barring something geo-politically untoward); too, given the ongoing drop by Gold’s “Baby Blues” (see Market Trends), the 21-day regression trend may confirm having rotated to negative by week’s end. Nothing is due today for the Econ Baro with a heavy balance of 18 metrics scheduled through the week. And with two weeks to run in Q4 Earnings Season, we still expect reports from some 100 S&P 500 constituents: thus far, 71% have bettered their like Q4 of a year ago, which continues to be an above-average pace; however, the “live” P/E (futs-adj’d) at present 46.2x is a significant downside warning sign.