sell in may and run away (yearly head and shoulders)

vix backwardation
M1.70 (8 days til expiration)
M2 1.58

yea this is pretty bleak. the fundamentals of the situation, mechanics of vix, and overall technicals all waranting a test of 2016 levels.
the main risk of the chinese trade war escilations isnt inflation, but the pop of the chinese real estate bubble.
for context id look back at the chinese real estate bubble of the 1980's