This week we look at the following charts and themes:

1. Global leading indicator breadth – a softening in global growth, and wobbles in global equities

2. China and Copper – the bad, the ugly, and the good of slowing growth in China (and what it means for copper)

3. Treasuries futures positioning – traders are betting big on rising bond yields (and a stronger US economy)

4. Stocks vs Bonds market positioning – market positioning looks very bullish on the growth/risk outlook

5. Fed vs HY Credit Spreads – history shows that sooner or later Fed rate hikes will blow up junk bonds

(Video length 00:10:20)