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Market Talk — June 27, 2016

As we expected weekend headlines would dictate Monday’s trading and that is exactly what we have seen. The GBP continues to fall spreading uncertainty and confusion around the globe. In the UK the opposition party (Labour Party – known as the Shadow cabinet) saw ten members resign on Sunday and an additional nine members resign […]

It’s Not the British – It’s the EU

  While everyone is busy blaming the Brits, the real culprit is the EU. The audacity of various EU ministers demanding immediate withdraw is akin to a spouse who just discovered their partner was cheating. They may say beware of a woman scorned, well it looks like this applies to male politicians as well. The […]

UK Political Resignations So Far

Resigning so far today are: Lord Falconer, shadow justice secretary Chris Bryant, Shadow leader of the House of Commons Heidi Alexander, shadow health secretary Lucy Powell, shadow education secretary Vernon Coaker, shadow Northern Ireland secretary Ian Murray, shadow Scottish secretary – and Labour’s only MP in Scotland Kerry McCarthy, shadow environment secretary Seema Malhotra, shadow […]

Jeremy Corbyn – Marxist Head Target of British Labour in Revolt

Hilary Benn called Jeremy Corbyn overnight to claim he should resign! Corbyn fired him. The Labour Party claims there is no confidence in Corbyn, and there will be a resignation every hour for the next ten hours of today. In fact, shadow health secretary, Heidi Alexander, just resigned. Rumor is half the shadow cabinet is set […]

BREXIT is a Watershed for Europe

“There’s no way around it: today is a watershed for Europe and the European unity process,” Merkel admitted. Of course, people like Schulz are the entire problem. His arrogance ensures the demise of Europe. He had the audacity to say that there was “no chain reaction” after BREXIT. Once a politician makes a decision, they will […]

Six More Countries Want Referendums to Exit EU

  Brussels simply went too far. They crossed the line after moving from an economic union to a political subordinate of Europe. Now, six more countries want to hold referendums to exit the EU; France, the Netherlands, Italy, Austria, Finland, and Hungary all could leave. With Hollande’s approval rating at about 11%, Merkel is lucky […]

Market Talk Close June 24, 2016

Interesting price action – it is the UK that is leaving Europe and yet we saw the DAX fall 6.8%, CAC -8.35% and IBEX down 12.35% whilst FTSE declined just 2.8%! Bank share were hit everywhere with some of the large institutions (Deutsche Bank, Barclays and RBS) falling between 14 and 18%. The afternoon behaved […]

US Share Market for the Closing of June 24, 2016 Post-BREXIT

The Dow has fallen in a knee-jerk reaction to BREXIT, which really is hype thanks to politicians. The gains for Britain are clear. It escapes the forced immigration and it escapes from EU draconian regulation. It is effectively the same as the American Revolution where the slogan was “no taxation without representation,” and the EU structure […]

The British Pound & the Aftermath of BREXIT

  The pound sterling had a smashing day ranging between 15016 and 13226; penetrating the 2009 low of 13508 as well as the 2001 low of 13680. That leaves the prior low that formed in 1985 of 10520 on the cash (103 futures). This is rather important for it implies that we should see that […]

BREXIT Wins — The Panic has Subsided as Reality Returns

  Exactly on our cyclical model, the UK voted to leave the EU (52% to 48%) in a historic referendum after 43 years (half 8.6). David Cameron has announced he will resign as prime minister in October, and all one can say is good riddance. Cameron is stepping down despite the fact that 84 Eurosceptic Tory MPs […]