Following yesterday’s S&P 500 “failure day”, the Spoo at present is below today’s Neutral Zone, as are Oil and all three elements of the Metals Triumvirate; above same is the Bond, and BEGOS Markets’ session volatility is again mostly moderate. The Spoo yesterday settled beneath its smooth valuation line (see Market Values) for the first time since 09 April, suggestive of still lower prices; too by Market Trends, as anticipated, the Spoo’s linreg has (in real-time) rotated to negative; however those for both Gold and Silver remain negative. Seven of the eight BEGOS components today (save for the Bond) are seeing their “Baby Blues” of trend consistency dropping. The “live” (futs-adj’d) P/E of the S&P is 41.7x and the yield 1.124%; that for the 3mo T-Bill is 3.797%. And the Econ Baro looks to July’s Consumer Confidence.