Equities lingered in light trade Based on my conversations with industry insiders and a quick glance at volume data suggests that few traders showed up for work this morning. As we have predicted in previous newsletters, traders took the FOMC minutes release on Wednesday afternoon as their queue to begin the holiday celebrations. Today’s trade wasn’t a total disaster as is sometimes the case in pre-holiday trade; news events can pave the way for dramatic light volume price moves. On the
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