Stock futures are flat after yesterdays .5% pull back. What was significant was the market closed at the session lows. Something it has only done one other time in 2016.
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Morning Perspective: More Central Bank Action
Monday Chart Perspective
Morning Outlook
The market continued it strong rally from Monday's lows, with the VIX yet again leading the way. Perhaps more importantly the financials are picking up some momentum. Yesterdays stress test and subsequent share buyback announcements should continue to put a bid under financials, which in turn should help keep the overall market moving higher.
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Divided Kingdom Creates Historic Market Moves
The long awaited Brexit is now reality. The final vote is in. The United Kingdom has voted to leave the European Union by a 4% margin. Not exactly a resounding victory and reflects more a Divided Kingdom than a United One. The markets, in response, are busy putting in some historic moves.
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