With bond traders back in the fray, US equity volumes were… just as shitty (around 35% below recent averages). Futures drifted lower overnight as Japanese election headlines wer dashed and USDJPY dragged stocks lower… then the US cash session opened and we were off to the levitation races (nope, no other catalyst at all). The Dow and S&P were mucvh less exuberant that Trannies and Small Caps and AAPL dragged Nasdaq higher. Treasury yields dropped earlier but bonds sold off in the US session to end the day unch.