At present we’ve both the Bond and Copper below today’s Neutral Zones; the other BEGOS Markets are within same, and volatility is mostly light. Silver has quieted a bit relative to its ranginess into this week: indeed by Market Ranges, the white metal’s EDTR is now 0.99 points, (whereas last September ’twas as low as 0.46 points). The S&P 500 is now 10 consecutive days “textbook overbought”: the “live” (fut’s-adj’d) P/E is 40.4x and the yield 1.369% versus an annualized 5.240% on risk-free U.S. 3-month dough. One wonders for how much longer the investing herd shall continue seeking unrealistic capital gains rather than equities reasonably priced by earnings support: mind our S&P 500 Valuation and Rankings page. The Econ Baro awaits April’s Existing Home Sales; and the Fed releases the 30 Apr-01May FOMC meeting minutes.