Holiday Trading in Low Liquidity – Proceed with Skepticism, Though Some Key Trends Are Emerging

Today’s trade is that of another sleepy holiday-week session with notable, though typical, thin year-end liquidity. The thin liquidity exacerbates price moves in both directions, which seems to be especially evident in metals today, while equities experience intraday volatility within narrow price ranges, yet little  the net effect is little movement or insight, with a…