By the Spoo, were the S&P 500 to open at this instant, ‘twould be spot on 7621, the all-time high established back on 03 June. At present, the Spoo along with Silver, Copper and Oil are above today’s Neutral Zones, whilst below same is the Bond; session volatility for the BEGOS Markets is light. The Spoo yesterday crossed back above its Market Value: in real-time, the Spoo is +42 points “high” above the smooth valuation line; by the same measure for the other four primary BEGOS components, the Bond is -4^12 points “low”, the Euro -0.006 points “low”, Gold -37 points “low” and Oil +5.31 points “high”. The “live” P/E of this S&P at this futs-adj’d record high is 41.2x and the yield 1.087%; that annualized for the 3mo T-Bill is 3.700%. The Econ Baro looks to June’s Trade Deficit and Factory Orders.