At present for the BEGOS Markets we’ve the Bond, Gold and Silver all above their respective Neutral Zone’s for today, whilst below same is Oil; session volatility is again light to this point. Going ’round the Market Values horn (in real-time) for the five primary BEGOS components finds the Bond basically only -1 point “low” vis-à-vis its smooth valuation line, the Euro -0.009 points “low”, Gold +91 points “high”, Oil spot on its valuation line, and the Spoo now only +23 points “high”, albeit the S&P 500 itself remains “textbook overbought”; again, our Moneyflow page for the S&P is projecting negatively. Q4 Earnings Season for the S&P 500 now shows 105 constituents having reported of which 72% having beaten their bottom lines from a year ago, an above-average pace, albeit the “live” (futs-adj’d) P/E of 45.7x remains dangerously excessive, now nearly double what ’twas a dozen years ago. Today’s incoming metrics for the Econ Baro include December’s Pending Home Sales, plus the first peek at what (by consensus) may be an stagflationary Q4 GDP (the real result slowing with the inflation element increasing).