The gold-silver ratio continues to rise today. A rising GSR often means strained market liquidity.
The junk bond fund HYG is near all time highs (resistance). A breakout would mean renewed speculative impulses. It is down today.
Junk vs. investment grade is still at the MA 50’s, but has been down the last few days.
Similarly, junk vs. T bonds is still safely above the 50’s as well.
If GSR can keep rising and junk bonds and their ratios to higher quality bonds break down, a bearish signal would be kicking in for near term market correction at least. As of now, they are still stable.