Following the somewhat “stubborn-to-cut-Fed” (let alone our year-to-date musings instead about a hike), the Dollar’s furthering a bit of a bid today: at present below their respective Neutral Zones for this session are the Swiss Franc, Gold and Silver; indeed across the board, all eight BEGOS Markets are underwater, and volatility is mostly light, save for Silver having already traced 5% of its EDTR (see Market Ranges). Yesterday’s S&P surge to a record high (5447) without supportive earnings puts the “live” futs-adj’d P/E at 41.2x. Currencies’ cac volumes are beginning their roll from June into September. And at the wholesale inflation level, today’s incoming metrics for the Econ Baro include May’s PPI.