The Euro, Gold and the Spoo are at present above their respective Neutral Zones for today; the balance of the BEGOS Markets are within same, and session volatility is mostly light, save for Gold having traced 52% of its EDTR (see Market Ranges). The Spoo is teasing an all-time high toward 6336: the “live” (futs-adj’d) P/E of the S&P 500 is 46.2x with a yield of 1.228%; that for the 3mo. U.S. T-Bill annualized is 4.228%. The Spoo by Market Values in real-time is +216 points above its smooth valuation line and the S&P itself is now “textbook overbought” through the last 14 trading days. The Econ Baro gets its busy week underway with July’s NY State Empire Index, plus June’s CPI which is expected to have heated up.