Gold, Copper, Oil and the Spoo are all presently below today’s Neutral Zones; the balance of the BEGOS Markets are within same, and session volatility again is pushing toward moderate. By Market Values, the Bond yesterday settled above its smooth valuation line for the first time since 02 March, albeit as yields have been a bit pressured, price itself has not spent too many days above valuation going back a year or so-to-date. Indeed in going ’round the Market Values horn (in real-time) for the five primary BEGOS components, the Bond shows as +0^14 points “high”, the Euro as -0.003 points “low”, Gold as -357 points “low”, Oil as -9.97 points “low” and the Spoo as +114 points “high”; by Market Trends, the Spoo’s 21-day linreg trend looks to rotate to negative by week’s-end. The S&P 500 after having been technically “textbook overbought” through 42 consecutive trading days finally unwound that condition yesterday; ‘course, fundamentally the “live” (futs-adj’d) P/E of 46.2x remains stratospheric. The May inflation parade beings today as the Econ Baro looks to the CPI, plus late in the session comes the month’s Treasury Budget.