Brexit is …good!
The Uk entered in a Bull Market. The US made an intraday new top….breaking a two years sideways move!
The US earning season is upon us and with lower USD and better oil price (almost half of the US companies have exposure to oil) could be good. The SP could do really good new highs between here and September.
So, is it all good?
Yes, but you need to have a manager that understands when to “bail out”.
This behavior is actually quite a replica of Bear Sterns (dip and massive rally…which finished with Lehman).
The most interesting development is Italy.
We need to see if there is another bank bailout (market would cheer and people will be pissed off as the banks that started the crisis again come up better – while people suffer) and the effect of the October referendum that could look at the good UK example.
So Rally with the Best and Die like the Rest. Pay attention
investorpolitico 