The Euro, Swiss Franc and Copper are all at present above today’s Neutral Zones; the other BEGOS Markets are within same, and volatility is light-to-moderate. The Gold Update cites the early machinations of stagflation as Econ Baro data suddenly weakens, yet inflation data moves up and away from the Fed’s +2.0% target. Whilst we received a positive Swiss Franc signal last week as the “Baby Blues” (see Market Trends) moved above their -80% axis, of note the daily Parabolics have just flipped to Short, one of the top current Market Rhythms; so perhaps price works lower, then higher, (barring the Baby Blues reverting southerly). The Econ Baro awaits 13 incoming metrics for the week (none today), of which just 5 “by consensus” are expected to have improved period-over-period. Finally, Q4 Earnings Season has concluded with 4 of 10 S&P 500 constituents not having improved their year-over-year bottom lines: and yet the S&P sits at an all-time high (5137), the “live” P/E at 46.8x.