Both the Bond and Gold are at present above today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility is light. ‘Twas somewhat refreshing to see yesterday’s -1.9% dip in the S&P 500, the Spoo finally coming back in line with its smooth valuation line (see Market Values) for the for time since 10 September; indeed the Spoo retraced back nearly a month’s worth of gains in a single session; ‘course more broadly, the S&P itself remains extremely expensive, the “live” (futs-adj’d) P/E presently 41.5x. Gold, too, had a bit of a hoovering, albeit price (in real-time) is still well above its smooth valuation line by +111 points; more in tomorrow’s 781st consecutive Saturday edition of The Gold Update. The Econ Baro looks to close out its busy week with October’s Payrolls Data and ISM(Mfg) Index, plus September’s Construction Spending.