EOD Risk Asset Update

I was hoping to see one thing happen today in the Risk Asset Layout and it wasn't huge, but it happened.

CONTEXT for ES has started to deteriorate in to the close.

 Commodities have come unglued from the SPX, I still think this may be based on fears of weak Chinese data, we'll find out overnight. The closing candle for DJP is a bearish engulfing candle, a typical reversal candle.

 High Yield Credit has stayed negative through the day.

 Yields have stayed negative through the day.

As you might recall, High Yield Corporate Credit had made a move to a new high, I was hoping this would not hold in to the close, it did not.

What is happening here is we are seeing the risk layout indicators start to diverge negatively, actually they have been, but we are seeing more consistiency in that negative divergence.