The week begins finding at present both the Bond and Gold above today’s Neutral Zones, whilst below same are both Oil and the Spoo; session volatility for the BEGOS Markets is light-to-moderate. The Gold Update accounts for price’s push given the StateSide Treasury’s accelerating longer-term debt repurchasing; today’s high thus far of 4717 is Gold’s best level since14 May. Q2 Earnings Season has concluded finding 79% of reporting S&P 500 constituents having beaten their Q2 bottom lines of a year ago: that ranks second-best across the past 12 reporting quarters; the fly in the ointment remains the “live” P/E of 43.1x suggestive of at least a -40% “correction” simply to bring valuation into reasonable line with earnings. Nothing is due today for the Econ Baro, with 11 incoming metrics scheduled through the balance of the week.