‘Tis StateSide November Payrolls day for the Econ Baro, and at present seven of the eight BEGOS Markets are within their Neutral Zones, the only outlier being Oil above same; the latter appears trying to firm ’round the 70 handle. Session volatility is light, (except again for the non-BEGOS component Yen which has traced 119% of its EDTR as the BOJ interest rate play continues). The S&P 500 is now “textbook overbought” through the past 22 trading days and the “live” P/E is 43.3x; however, the recent MoneyFlow deterioration has (for the moment) righted itself, indicative of money being thrown at a terrifically expensive stock market. In addition to jobs data, the Baro also looks to December’s UofM Sentiment Survey.