Reaction of UK equities to Fiscal Cliff news on Wed 2nd Jan

Templar42

Junior member
41 0
Are there any day traders here with a view on how the more volatile stocks on the FTSE 100 will react to the interim deal that the House of Representatives will (likely) have signed by then?

Will the positive news generally be priced in at the open, with a brief bounce upwards and then a longer fall through the day as people take profits, or is it reasonable to expect to go long on promising equities in the first hour of trading and find a decent gain before the end of the day?

I'm particularly thinking of the 'Spailout' in 2012, when many stocks closed down on the Monday after it was announced, having opened very high.
 
 
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