The Spoo is now above 5000 for the first time in its history, (the S&P itself near the threshold). At present we’ve both Silver and Copper above their Neutral Zones for today; the rest of the BEGOS Markets are within same, and volatility is light. Per our S&P Moneyflow page, dough is flowing into the Index at an unbelievable rate given the more-than-extreme overvaluation: the “live” P/E (fut’s adj’d) is now 50.2x. Today’s Econ Baro metrics include December’s Wholesale Inventories.