The Spoo has reached an all-time high this morning at 7565, spurred (’tis said) by a potential two-month ceasefire in the USA/IRN war. StateSide (Memorial Day) and EuroSide (Pentecost) physical bourses are closed; however were the S&P 500 to open at this instant, ‘twould so do at a record high 7543. The BEGOS Markets are all trading for Tuesday settlement, six of the eight at present above their Neutral Zones for the session, the two exceptions being Copper (within) and Oil (below), the latter being the largest mover thus far -5.7% at 91.47; volatility is moderate. The Gold Update graphically depicts both precious metals as being in year-to-date linear regression downtrends even as record highs were established back in late January. Q1 Earnings Season has concluded with 80% of S&P reporting constituents having bettered their bottom lines from Q1 a year ago; ex-COVID recovery, this Q1 was the best quarter for year-over-year percentage of improved constituents since Q3 of 2018. There are holiday trading halts for the Bond and Spoo at 17:00 GMT, and for the Metals and Oil at 18:30 GMT; the Currencies go the distance to 21:00 GMT.