US equities are increasingly weak, with a daily close under the sp'2100 threshold now viable. VIX is battling for the 13s, which will open the door to a brief spike into the 15s. Renewed equity upside into August.. from sp'2080 looks probable.
Not much to add.
With too few buyers... a third net daily decline looks a given. The only issue is whether the VIX can finally attain a close in the 13s, which should confirm the 15s will be hit... whether tomorrow.. or early next week.
notable weakness... CHK
A truly dire year... original target of $7s.. almost hit.. and that is with the broader equity market holding still near highs. If sp' loses 2K within the next 2-3 months.. CHK will surely hit $5.
In some ways.. similar to BTU.. although I don't expect CHK to disappear.