Stock Market Talking Points:
- The FTSE 100 posted a 126-point recovery to close slightly higher for the first trading session of 2019
- In similar fashion the ASX 200 Australian equity index posted a 97-point rebound
- The lower wicks, or tails, are the largest for the two indices since November 9th, 2016 the day after US President Trump mounted a surprise election victory
The New Year is already off to a volatile start for equity markets with some posting their largest lower wick since the election of President Donald Trump. A lower wick, or tail, appears when a decline is retraced. The failed move lower…
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