Both Silver and Copper are at present above today’s Neutral Zones; the balance of the BEGOS Markets are within same, and volatility is light. Gold took a bit of a hit yesterday, reminding us that key weekly technicals remain negatively in place (MACD and Parabolics); three weeks remain until the next FOMC Policy Statement, wherein — given the diving Econ Baro — an interest rate cut ought be warranted (assuming too that inflation has ceased per May’s data). At Market Values, the Spoo is (in real-time) +197 points above its smooth valuation line; the S&P 500 (futs-adj’d “live” P/E now 43.9x) begins a 21st consecutive session as “textbook overbought”. And as previously noted, Q2 Earnings Season officially is underway, as updated daily on that page.