Please don't be scared about the trade war. What follows next is absolutely horrifying. Vol about to take the next leg up???

Short interest on junk bond ETFs hits record as investors warn of ‘liquidity mismatch’

Short interest for high-yield bond ETFs surged to a record of over $7 billion in February
Concerns over the frothy high-yield bond sector are rearing its head, with short interest on high-yield exchange traded funds hitting a new record in February.
Beneath a placid investing landscape for so-called junk bonds, short interest for high-yield debt ETFs surged to over $7 billion, representing more than a quarter of the total borrowing demand for the underlying bonds, according to data provider IHS Markit. That reflects concerns from a few investors who feel ETFs could be the first domino to fall when sentiment turns against bonds sold by debt-laden companies.