I’m not expecting much of anything ahead of the all important BREXIT vote, which is putting the fear of God into the black hearts of globalists everywhere. Our early rally has evaporated. With it, the rally in oil has dissipated into the red. I’m not sure if crude is leading the market anymore, or is the market leading crude.
The yen is higher again v the dollar, to the tune of 0.3%. It’s important that you monitor that cross, for it holds with it the very essence of speculation.
Breadth is at a milquetoast 55% and TLT is higher by 3 cents, bulletproof.
Drugs and banks are solid today, while commodity related stocks, sans gold, are weak.
My bubble basket is lower by 0.54%, indicative of a risk off tape.
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0.00% chance Britain exists the EU. Jaw boning like our Fed.
Agree. I wonder if there is anything preventing them from holding another referendum once Trump is elected and the real wave of anti-globalism begins.
I look for gold to be in the low zero digits by Friday morning.
the new method of control is talk about a bad/controversial situation to feed the market a little bit of fear (while managing to prevent it dropping too far), then resolve with a “good” outcome which is really just status quo to cause a peter north gush to the upside.
LOL, I had to look up Peter North.
How many links have you bookmarked so far?
Great use of the work milquetoast – why people don’t use it more often is beyond me.