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Thursday, June 30, 2016

The Market On Thursday

  Good morning. It is 70 degrees and sunny here in the Upper Hudson Valley. The forecast predicts a gorgeous sunny day with temperatures in the 80s this afternoon. Well, we are at the end of another month, June flew by. The days are starting to tilt towards getting shorter little by little, believe it or not. What a month it's been, horrible  massacres in Orlando and Turkey, the Brexit showing how clueless the British can be 9it's not just Americans), and of course our favorite piñata in the news, Mr. Orange. Speaking of Trump, the dear man is expressing his outrage over all those nasty GOpers who are avoiding him like the plague. Trump wants revenge. Take away their privileges he demands, send them to bed with no dinner. It should be very clear that Trump is very much about revenge.

  At 8:40 a.m. ET futures are slightly higher and the price of oil per barrel is down. The market is poised to open in the flat area.

  I suspect investors are banking on the Brexit not happening. There's seems to be a lot of little hidden clauses that might make Britain actually leaving the EU a hard thing to do. Then there's this - World stocks poised for worst month since January.

CNN: Stocks: 5 things to know before the open by Ivana Kottasova
Meanwhile, consumer confidence has slumped in the U.K. since the referendum, according to a poll by YouGov/Cebr. "Four days of uncertainty have wiped out the gains made over the last three years," YouGov said in a statement.

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