Both the Swiss Franc and Gold are at present above today’s Neutral Zones; below same are Copper and Oil, and session volatility for the BEGOS Markets is pushing toward moderate. In real-time, the Spoo’s “Baby Blues” which depict linreg consistency are finally breaking down, now provisionally below the key +80% axis; should this be confirmed by session’s end, we’d expect at least initially a drop from here (7544) toward the mid-7400s — which percentage-wise is not that substantive a pullback — but by pricing structure, 7300 appears plausible as does 7279 given the extreme overvaluation of the S&P 500 both technically and obviously fundamentally; as usual, mind the “Baby Blues” on the Market Trends page. Gold, albeit up today, is still in a “mild” downtrend: of technical note, Gold’s weekly Price Oscillator looks to go negative at some point during next week. For the Econ Baro today (along with the usual Thursday Initial Jobless Claims) we’ve the revision to Q1’s Productivity and Unit Labor Costs.