Yesterday sported the fourth largest percentage low-to-high run since at least 1980 for the S&P 500: +10.8%. More on “Wacky Wednesday” in next Saturday’s 804th edition of The Gold Update. At present, only Gold is above today’s Neutral Zone whilst below same are both Copper and Oil; BEGOS Markets’ volatility is moderate, again within the context that EDTRs (see Market Ranges) have been blown out. We’ve gone on quite a bit in recent weeks about the Spoo being too low vis-à-vis its smooth valuation line (see Market Values), Tuesday’s differential being -839 points: a substantive portion of that was reduced yesterday such that now in real-time ’tis -340 points. Looking at correlations amongst the five primary BEGOS components, the best currently is negative between the Euro and the Spoo, (the hedge notion thus to be simultaneously Long or Short both of them). Metrics for the Econ Baro today include retail inflation for March via the CPI, and late in the session the month’s Treasury Budget.