Some charts on relative performance confirming out leads.
US chemicals / $SPX -- new lows 
US autos / $SPX -- new lows
US Machinery / $SPX -- new lows
US Electrical equipment / $SPX -- new lows
US Banks / $SPX -- new lows
Global financials / $ACWI -- lows
Global materials / $ACWI -- lows
US Micro caps / $SPX -- no comment
High beta / Low vol -- new lows
$EEM bonds / US bonds -- new lows
• • •
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