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Monday, June 20, 2016

The Market On Monday

  Good morning. It is 70 degrees and sunny here in Upstate NY. The forecast predicts the first day of Summer to be sunny and temperatures will go into the 80s this afternoon. Hurray, it's Summer and the living is easy. I hope you had a great weekend. Lots of developments in the political arena as Trump is under more and more pressure from all directions including losing delegate support. As we know Trump is a neo-fascist and apparently that's not flying even with the GOP. I think we are going to see the media start looking at Mr. Trump with a little more of a critical eye. Of course the usual suspects will remain on board with Trump and those news outlet will continue to promote his misery campaign.

  At 8:15 a.m. ET futures are significantly higher and the price of oil per barrel is up. The market is poised to open significantly higher.

  Investors throughout the world are breathing a sigh of relief this morning. A new poll indicates that Britain is likely to remain in the EU come Thursday's national referendum vote. And so fears of a Brexit are diminished. The market is exploding in joy - enjoy the ride.

CNN: Market rallies as Brexit fears wane by Alanna Petroff
European markets are surging by as much as 3% in early trading as investors feel more confident that the U.K. public will vote to remain in the European Union during a historic referendum on Thursday.

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