Mainly concerned about Dx and Euro in near term. The Tbond discussion got me thinking about it and I had no clear conviction. But want to be careful of that Freight Train !!!
From your chart, if I had to guess, Dx seems to be more inverse to TBonds than not.
Also, with those SIH puts, I would rather not see Dx keep dropping !! At the moment they are up a bit (clearly won't retire on it !!} and SIH has been coming down over the last 3 weeks.
This China go round really has me wondering what's coming !!