Saddled in between a U.S. Federal Reserve that recently indicated in Wednesday’s FOMC meeting rate hikes might be put off, leading some to point to weakness and confusion, and a June 23rd Brexit vote that has shockingly left one lawmaker dead in the region, sits the stock market. With six days of stocks trading lower, The McClellan Market Report thinks when the dust settles after the Brexit vote a mean reversion may occur. FTSE 100 and Euro Stoxx 50 taking a reasonably equal beating ahead of Brexit The scare tactics surrounding the Brexit vote have been beating down the FTSE 100,…
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- FTSE 100 and Euro Stoxx 50 taking a reasonably equal beating ahead of Brexit
- After Brexit vote, watch for investors to think things may have been "overdone," particularly when trading US assets
- Fear asset gold shows futures used for hedging diverging from mining stocks, while McClellan says avoid the crowd in bonds
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