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 …
VIX running the show – coz who needs protection heading into the Ukraine elections…
Bonds ain’t buying it….
And nor is JPY
via Zero Hedge http://ift.tt/1mecbnA Tyler Durden