All eight BEGOS Markets are at present within their respective Neutral Zones for today, and volatility is light. By our Market Values page for the five primary components (in real-time): the Bond is nearly +8 points “high” above its smooth valuation line, the Euro +0.03 points “high”, Gold nearly +77 points “high”, Oil nearly -16 points “low”, and the Spoo some +26 points “high”. At Market Trends, Oil continues to be the sole component with a negative linear regression; however for trend consistency, the “Baby Blues” are falling for the Euro, Swiss Franc, Gold and the Spoo. Specific to the S&P 500 the “live” (futs-adj’d) P/E is 37.2x and the yield 1.671% (vs. the three-year U.S. T-Bill at 4.183%). Save for Initial Jobless Claims, ’tis a quiet day for the Econ Baro.