Equity markets just keep speeding along...

China had an ugly night...

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Europe was flat and U.S. equities were mixed, with financials and industrials pacing gains in the S&P and Dow, while the Nasdaq lagged. Trannies were best (best day in 3 months) - soaring over 2% thanks to United boosting airlines and CSX beating on earnings.

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VIX closed with an 11 handle for the first time in a month...

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So far in July, the major market indices have not had back-to-back losses...

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Don't forget, it's that time of the month...

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Netflix limped lower, back towards its 50DMA...

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GOOGL bucked the trend of weakness in the FANGs today (despite its huge fine)...

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Yields started to play catch up to the recent equity exuberance today...

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Treasury yields were mixed today with some steepening as 30Y Yields rose...

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2s30s steepened notably...

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The Dollar ended higher on the day but roundtripped back lower after overnight gains...

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Meanwhile, the offshore yuan tumbled to fresh cycle lows (12-month lows)...

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NOTE - the two rectangles are the same size and time period...

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Is the capital flooding out of China and into US stocks?

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Cryptos were mixed today with Ethereum lower and Bitcoin higher (Bitcoin' best week since 2017)...

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Despite record crude production and a huge surprise crude inventory build, WTI rallied, bouncing off its 100DMA...

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Gold and Bitcoin were generally flat today...

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Finally, we note more weak 'hard'; data today from the housing sector this time as soft surveys remain ebullient...

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