The Dollar’s firm week has it up to its highest level (99.110) since 01 April; thus ’tis no surprise to see the BEGOS Markets (save for Oil) working lower: at present, the Bond, EuroCurrencies, Metals Triumvirate and Spoo are all below today’s Neutral Zones; Oil is above same, and its cac volume is rolling from June into that for July at a -4.20 points discount. Gold’s 21-day linreg remains negative (see Market Trends) and the weekly parabolic Short trend looks to complete its ninth week as we’ll see in tomorrow’s 861st consecutive Saturday edition of The Gold Update. The S&P 500 closed above 7500 yesterday for the first time, the intra-day high (7517) finding the “live” P/E at 49.9x; the yield on the Index is 1.066% vs. 3.588% annualized on the “risk-free” U.S. three-month T-Bill. The Econ Baro finishes its week with May’s NY State Empire Index and April’s IndProd/CapUtil. And there remains one week still to run in Q1 Earnings Season.