RISK Asset Layout

Both the $AUD and Yields are starting to diverge with the SPX.

In addition, the divergence between ES and the CONTEXT Es model is also growing more divergent as suspected.

The pieces are starting to fall in to place. I am going to watch financials closely as a rotation in to tech makes sense to me and this may be an area where I want to consider starting to phase in to some financial shorts. I prefer using FAZ for an initial break in the market until sector rotation becomes clear and individual names start to make more sense for the longer term.