Continuing divergence between credit and stocks

The stocks made new all time high today on thin volume but credit continues in other direction. The credit spread has  moved opposite of stocks all year:

To understand why this is important, see "Why credit spread matters". 

In a more near term movement, 10 year treasury price has made a strong move up:

Similar move preceded the October price stock market down move. SKEW remains elevated (SKEW>135 for third time in four days). I do not expect much to happen on Friday's short trading day but the next big move should be down.