A Global Stock Rally is Underway; BREXIT Might Be Stalled

The market loves corruption and stagnation. Asian markets ripped higher last night, led by Hang Seng up 1.5%.

This morning it’s all about the MIB — higher by 1.8%.

And of course there are rumblings that the U.K. might need the House of Corrupt Commons vote on BREXIT.

This from bbg

“There’s a very strong argument for the government allowing the approval of a deal reached, but of course it would prefer a vote after Article 50 is triggered,” said Robert Thomas, professor of public law at the University of Manchester. Against the backdrop of a ticking clock, lawmakers would be “pressured to agree” to any deal, he said.

So it’s all very well and good. WTI and gold are edging higher and futures are up 100.