Fun fact about the featured video: Saga used to be my favorite band as a youngster and I wound up attending that very concert back in 1991. Took me a long train ride to get there and after the show I ended up sleeping at the train station as there were no return trains until early next morning. Now if you’re under 25 years old and are breaking out in hives when being exposed to 1980s style synth pop then you may want to point your browser here for some similarly themed eye bleach. But when it comes to actionable information it is message is that matters, not the messenger. And we do have technical progression on the equities side that requires our attention:
I swear, I can’t leave for more than a day without the market throwing a tantrum. What quickly has become known as the Fed’s ‘One-Two Punch‘ symbols across the board were thrown into a spastic gyrations last Friday courtesy of contradictory statements issued by various FOMC members. Frankly I’m not sure what all the excitement was about. It’s not that we haven’t been there before as Mrs. Yellen and Co. appear to be adjusting monetary strategy on the fly each month based on arbitrary market measures.
What a glorious day for Britain and anyone among you who continues to believe in the ideas of liberty, freedom, and sovereign democratic rule. The British people have cast their vote and I have never ever felt so relieved about having been wrong. Against all expectations the leave camp somehow managed to push the referendum across the center line, with 51.9% of voters counted electing to leave the European Union.
It goes without saying that this historic vote will have long term implications all across the rest of Europe, as resistance to a increasingly authoritarian, wasteful, and bureaucratic European Union has steadily been growing across the Euro zone over the past [...]
Once again the ice wall blocking the way to SPX 2100 and beyond proved too steep a hurdle for the bulls. Yesterday’s lackluster session was a bad omen in that it showed only obligatory participation near such an important inflection point. That’s not how to storm a stronghold that has held what at this feels like aeons