Today brings the Fed’s favourite gauge of inflation — the PCE’s Core reading for July — along with the month’s Personal Income/Spending data. Fed Chair Powell (90 minutes following the PCE report) gives the annual address in Wyoming. The PCE is expected to have cooled which could have further impetus for the S&P aligning with its “positive” MoneyFlow differential of recent sessions. At present, Copper is trading above its Neutral Zone for today, whilst below same are the Bond, Swiss Franc and Gold; BEGOS Markets volatility is understandably light ahead of the data and FedSpeak. By Market Ranges the EDTR for the Spoo is 60 points, a factor which looks to expand as we glide through Fed toward the seasonal negativity of September commencing next week.