Mixed Op-Ex Price Action Keeps Averages Flat, USD/JPY and 10-Yr Yield At Interesting Levels

Mega Caps and Semis led pre-market gains. MAGS faded the entire gain to trade lower shortly after the cah open. SOX gave back ~half of the early gain, but still trade higher. Style factors are largely unremarkable with most on either side of unchanged. I think we’re mostly dealing with options expiration dynamics, though a…