I still think equity market will have more downside even with Friday's big rally following job reports.    
But this correction is not that deep, only 3% to 5%.  So downside for S&P 500 is around 2040-2050, that's only 50 -60 points away from Monday's close.  It's nothing meaningful compared to how high it went from last October's low.   But with almost half year's sideway action for equity, that's enough shakeout to build the base for strong uptrend in later summer to early Fall.

Bonds continue the sale-off after last Thursday and Friday's brief bounce.  In short term,  bond price can bounce again from here, which means rates will pullback a little bit.   For long term I am neutral on it, and wait to see how it develops.

Crude oil has been up after dropping to lower 40's.  I think the low around $42/barrel might be set for this crash.  I don't see it will go back to above $70 /barrel quickly. The most it can do is range bound between 50 to middle 60's.