Mark the date 7/11/2016 in your historical calendar. This was the day bears threw up their hands and capitulated, Bank of America Merrill Lynch notes in a July 14 report. But will it hold into the US presidential election? Brexit? What Brexit? With the stock market breaching new highs, climbing after the Brexit scare turned out to be a short-term false c`oncern as has been aptly predicted, are we headed for a good old fashioned summer rally? Consider for a moment the potential negativity in addition to the Brexit wall of fear. With negative interest rates a concern to many…
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