The BEGOS Markets begin the week finding the Bond at present above its Neutral Zone for today; below same is Oil, and volatility already is firmly moderate. The Gold Update points to price getting a bit of respite within its broader downtrend, but that volume continues to be lacking toward supporting any material upside push. The Spoo’s high thus far this session (3813) satisfies two different Fibonacci measurings; whilst we don’t place a lot of emphasis on fib, ’tis interesting to see it come into play when other analyses are at bay. Too, the Spoo has essentially triple-tested the key 3600 support area; however for the S&P 500 itself, Q3 Earnings Season is thus far sufficiently lacking, the futs-adj’d “live” P/E now 34.7x, a level historically unsustainable in a positive interest rate environment, and thus suggestive the fundamentals will out via lower S&P levels. ‘Tis a quiet day for the Econ Baro ahead of an otherwise relatively busy week.