A quiet start to the week as we move toward the mid-point of the trading year: at present, all eight BEGOS Markets are within today’s Neutral Zones, volatility being light. The Gold Update cites the yellow metal’s fundamental grip, albeit the near-term weekly technicals lack strength: penetration of 2320 this week would flip the key weekly parabolic trend from Long to Short. The “live” P/E of the S&P 500 is 41.4x; the Spoo (in real-time) by Market Values is +238 points above its smooth valuation line. Despite much analytical ado about a Bond Market demise, our Bond futs from late April’s lows are nearly +6%, the 21-day linreg firmly positive at Market Trends. Copper’s cac volume is rolling from July into that for September. Nothing is due today for the Econ Baro ahead of 12 incoming metrics for this week, culminating on Friday with the “Fed-favoured” PCE measure of inflaton.