Junk Yard

Now Leroy's, he's a gambler
And he like his fancy clothes
And he like to wave his diamond rings
In front of everybody's nose
--Jim Croce

Continue to watch junk bonds as a harbinger for risk aversion. And junk continues weaken. Near term picture is ugly:

Longer term, weekly prices are just now peaking thru mult-year support:

If support decisively breaks, then there's alotta room lower without much support.