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Two things about Friday’s trading session should come as no surprise to investors: 1. Volume is extremely light. 2. The market is up. With the Memorial Day holiday right around the corner, the “Pre-Holiday Effect” trade is once again paying off for traders. “Research shows...

If you look around your workplace today and see a number of empty seats, you’re probably not alone. Many Americans take the Friday prior to Memorial Day off to get a head start on the long weekend, and Wall Street is no different. Trading volume tends to be extremely light in U.S. markets...