Oil is presently the only BEGOS Market outside (below) today’s Neutral Zone; volatility for the session is light. Yesterday’s “core” PCE for April was sufficiently “Fed-friendly” that the FOMC likely sit on their hands come the 17 June Policy Statement, even as other inflation measures support a FedFunds rate increase: more tomorrow in the 863rd consecutive Saturday edition of the Gold Update. Looking in real-time at the five primary BEGOS components’ Market Values, we’ve: the Bond just -0^23 points “low” beneath its smooth valuation line, the Euro -0.012 points “low”, Gold -163 points “low”, Oil -11.19 points “low, and the Spoo +411 points “high”. The “live” (futs-adj’d) P/E of the S&P is 49.6x and the yield 1.091% vs. the annualized 3mo T-Bill’s 3.590%. The Econ Baro concludes its week with May’s Chi PMI.