The Spoo as a “continuous contract” topped 7000 yesterday for the first time; intraday, the S&P 500 made an all-time high (6966) and settled with a “live” P/E of 57.2x, more than double from its inception 13 years ago: that means earnings have since grown at less than half the rate of the S&P itself. At present, we’ve Gold, Silver and the Spoo all below their respective Neutral Zones for today; the balance of the BEGOS Markets are within same, and session volatility is mostly moderate. The Euro yesterday settled below its smooth valuation line (see Market Values) for the first time since 25 November, a portent of still lower prices near-term; at Market Trends, the Euro’s “Baby Blues” of trend consistency are accelerating lower as, too, are those for the Swiss Franc, and to an extent for Gold. The Econ Baro looks to some catch-up metrics today from the “shutdown”: included are November’s Consumer Credit, October’s Trade Deficit and Wholesale Inventories, and Q3’s initial read of Productivity and Unit Labor Costs.