Treasury yields are tumbling... and so of course US equity prices are soaring as the S&P presses back up toward 1,900 and its all-time record highs. USDJPY is not supporting this spike so it's clear what is... VIX recovered its HP-spike from last night and that was all the momo ignition needed on a thin day to lift stocks ... This magical no volume ramp has lifted the Dow into positive territory for the month and year.
VIX running the show - coz who needs protection heading into the Ukraine elections...
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Bonds ain't buying it....
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And nor is JPY
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