The Euro, Silver and Copper are at present all above their respective Neutral Zones for today; none of the other BEGOS Markets are below same, and volatility is mostly light. Yesterday’s +0.8% rise in the S&P 500 is “media-credited” to the CPI — whilst yet again above the Fed’s desired pace — having met “expectations” in turn “guaranteeing” a rate cut come the FOMC’s 18 December Policy Statement; (yes, ’tis nonsensical). Looking at current correlations amongst the five primary BEGOS components, the best is negative between the Euro and Oil; notably, Oil yesterday confirmed a close above its Market Magnet, suggestive of still higher prices near-term, perhaps a breakout above the mid-71s top from two weeks ago. Included in today’s incoming Econ Baro metrics we’ve November’s wholesale inflation reads per the PPI.