Both Gold and Silver are presently below today’s Neutral Zones, whilst above same are both Copper and Oil; BEGOS Markets’ volatility is light. Currently our best correlation amongst the five primary BEGOS components is positive between the Bond and Gold. We continue to monitor Market Trends’ “Baby Blues” for the Spoo which have popped back above the key +80% axis: but by Market Values, the Spoo is (in real-time) +269 points above its smooth valuation line, whilst the S&P 500 itself is now “textbook overbought” through its last 21 days; the futs-adj’d “live” P/E is 47.0x even as Q2 Earnings are thus far underperforming their average year-over-year pace of improvement. Today’s Econ Baro incoming metrics include June’s New Home Sales.