In commencing the week we’ve at present both the Bond and Swiss Franc below today’s Neutral Zones; the rest of the BEGOS Markets are within same, and session volatility is light. The Gold Update cites the yellow metal having just recorded its narrowest trading week of the year-to-date, even in the euphoria of an “assumed” FedFunds cut come 17 September, our stance to which is far more skeptical as inflation seemingly is increasing: next Friday’s PCE report for July may instill discouragement for the S&P which rallied last week to within two points (6479) of the all-time high (6481). ‘Tis a fairly busy week for the Econ Baro, beginning today with July’s New Home Sales.