We start the shortened week with Copper at present above its Neutral Zone for today; all the other BEGOS Markets are within same, and volatility is light-to-moderate. The Gold Update graphically lays out the increasing inflation scenario, querying if the Fed has lost its “cred”; too, the Update cites near-term negative technical measures for Gold and that there is little structural support sub-2150 until 2050, (were price to materially let go); of course, the broader weekly parabolic trend remains firmly Long. The S&P 500 is 45 days “textbook overbought”, placing it in the 98th percentile of such overbought conditions since at least the year 1980; the “live” (futs-adj’d) P/E is presently 46.2x. The Econ Baro looks to February’s New Home Sales.