CNY is clearly about to crash. 10% target is on the chart, but this can easily become 20%, because this is what other currencies are going to do vs the dollar. I don't think markets have any idea about what's going to happen in the next 2-3 months. A crash in CNY, likely a decline in Treasuries by 10-20%, SPX at 1600, EURUSD at 0.90..0.95, Crude back to below 26. Stay focused, don't let the calm in the markets fool you: the transition from calm to disasted can (and likely will) happen literally overnight.