I'm not sure about this "Ringing cycle" theory of the Late Terry Laundry, but the recent weakness is coming "on time".
He based it's length beginning with a significant low followed by another low sometime later, much like waves in a pool.
Likewise the shorter term VIX correlation chart was screaming days ago.
Then there is Terry's "Confidence Index" in nose bleed territory, at record highs.
It compares higher yielding bonds to "safer" treasuries.
Edited by Rogerdodger, 02 February 2018 - 09:45 AM.