Today was never going to be action packed but Friday’s S&P 500 volume -6% vs the 20day average was their lowest of the year and it’s slightly sad that these sort of levels in Europe would probably have investors on the edge of their seat. In fact, Stoxx 600 volume has not been above the 20d moving average volume since 20th December 2023 nearly 4 weeks ago and volume for the first two weeks of 2024 in Europe was 12.98bn vs 16.74bn in the first two weeks of 2023. It will come, there is no doubt…
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