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Thursday, June 23, 2016

The Market On Thursday

  Good morning. It is 66 degrees and it is sunny here in the Upper Hudson Valley. The forecast predicts a sunny day with temperatures in the low 80s this afternoon. This neck of the woods is experiencing a solid period of paradise, we are living in paradise.

  At 9:00 a.m. ET futures are significantly higher and the price of oil per barrel is up The market is poised to open significantly higher.

  Today we learn if Britain brexits or does not brexit. The vote tally comes through later this afternoon and with it so goes a lot of global equities value along with all currency values. A vote to leave the E.U. will throw the enter viability of the E.U. as an ongoing entity into question. Either way a very strong strain of nationalism is sweeping the globe. Pay attention to that.

CNN: Stocks: 5 things to know before the open by Alanna Petroff
The result, expected hours after the polls close at 5 pm ET, could power strong global market reactions.

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