As internally texted last evening, the markets appear to have “priced-in” the Mid-East conflict and now are “on hold” ahead of the Fed on Wednesday: at present, seven of the eight BEGOS Markets are within their respective Neutral Zones for today (Silver being just a tad above same), and session volatility is light-to-moderate. At Market Trends, all eight components are in positive linreg, although the consistency of that for Copper is notably weakening. Oil, which as it did yesterday spiked up and then retreated, still finds by Market Values current price (70.46) +9.65 points “high” above its smooth valuation line; too, the Spoo is at present +151 points “high” by the like measure. ‘Tis quite the cavalcade of incoming metrics due today for the Econ Baro, including June’s NAHB Housing Index, May’s Retail Sales, Ex/Im Prices and IndProd/CapUtil, plus April’s Business Inventories.