The Econ Baro recorded a fairly negative day yesterday on a bevy of weakening metrics (as we’ll outline in tomorrow’s edition of The Gold Update). In turn this jolted most of the BEGOS Markets in the face of rates (per the Fed) to extend to an even higher levels than initially sought when this increase cycle commenced. For today, we’ve the Bond, Silver, Oil and the Spoo all at present below their respective Neutral Zones for today; none are above same, and volatility is light-to-moderate. As anticipated by Market Trends, the Spoo’s linear regression has (in real-time) rotated to negative as its “Baby Blues” drop below their 0% axis; Oil remains the only other component whose like trend is negative. The S&P looks to begin Friday with its “live” P/E at 36.7x and yield 1.716% vs. that for the 3-month T-bill at 4.213%.