World markets have lost their collective minds over Thursday's vote for Britain to remain or leave the EU, with most of the bets on "remain."
Since bets only count at bookmaker parlors, and the votes won't be fully counted until sometime well into the early morning hours in the US, the outcome is far from decided.
Apparently, US market participants believe that the remain vote is in the bag, since stocks broke out of their well-established, three-month-long trading range today, with a massive upside move.
Just guessing, tomorrow will be interesting, but the top will not hold.
BREEEEEMAIN! PLEASE!
S&P 500: 2,113.32, +27.87 (1.34%)
Dow: 18,011.07, +230.24 (1.29%)
NASDAQ: 4,910.04, +76.72 (1.59%)
Crude Oil 49.27 -1.68% Gold 1,268.70 +0.44% EUR/USD 1.1310 -1.03% 10-Yr Bond 1.74 +3.20% Corn 398.50 +0.19% Copper 2.15 -0.42% Silver 17.42 +0.36% Natural Gas 2.69 -0.44% Russell 2000 1,172.22 +2.02% VIX 17.25 -18.52% BATS 1000 20,677.17 0.00% GBP/USD 1.4578 -2.92% USD/JPY 104.9800 -1.53%
Thursday, June 23, 2016
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