All eight BEGOS Markets are at present within their respective Neutral Zones for today, and session volatility is very light with 18 Econ Baro metrics plus the FOMC in the balance of the week. Gold’s cac volume is rolling from August into that for December with +57 points of fresh premium. The S&P 500 is now “textbook overbought” through its last 24 sessions, indeed “extremely” so for the past 3: we sense the Index is very close to a significant correction, especially with all that’s on the able as noted over these next four days; the futs-adj’d “live” P/E of the S&P is currently 47.7x and the yield 1.204% vs. the 3-month T-Bill’s annualized 4.235%. The Econ Baro gets its data parade rolling today with July’s Consumer Confidence.