### Comment:
Where is the point of failure though? 
  
 CLO's, corporate bonds, realeasstae

### REPLY:
My gut says this: https://www.bloomberg.com/news/articles/2019-07-16/a-leveraged-loan-collapses-and-reveals-key-risk-in-credit-market 
  
 Some kind of binary trigger - in this case a mandate for BBs to dump dogshit

### END.