Dear All: 1. There are No New Setups In This Week’s Report: 2. Recent Media: CNBC: Dow tops 18K as stocks surge more than 1% ahead of Brexit vote resultsThursday, June 23, 2016 Reuters: US STOCKS-S&P 500 futures fall as ‘remain’ barely leads in early UK vote countThursday, June 23, 2016 Reuters: Sarhan in Reuters: Wall Street set…
Brexit Vote Crushes Markets: Becomes A Bear Stearns Moment, Not Lehman (Yet) Stocks fell for a third straight week and were crushed on Friday after the U.K. decided to leave the E.U. Thankfully, our defensive stance had Advanced Report members on the sidelines and safe! The Brexit vote was a pivotal moment in modern history. It questions the…
Overnight, Britain voted to leave and shocked markets! Risk-on Markets (stocks) are plunging and risk-off markets are surging (gold)! The British Pound is also crashing as the world now has to digest the brexit vote. Thankfully, we have navigated this market very well for you and our cautious stance is rewarded. Clearly, today is a…
Market Update: Stocks rallied sharply today as the short sellers ran for the hills as the latest polls show the “remain” camp with a slight lead in the Brexit drama. We are back in the the awkward guess the gap environment. The reality is no one knows where markets are going to gap from one day…