The vix is nearing its pre-May support.
Will the old support hold or are the June / July more relevant?
If the Feds do not raise rates over the next 6-8 months an argument can be made for the latter.
Jobless claims, despite the est. miss, are still very healthy. If the treasury is down due to economic uncertainty, then lack of fed rate hikes make sense. But if the treasury is depicting the true geopolitical uncertainty risk, then the equity markets need to come down.