Saturday, June 25, 2016

BREXIT, Yellen and the morning after pill

We would like to congratulate all bears who anticipated and  correctly predicted the Brexit. 
So where do we stand right now?
We believe that it will take the markets some time to digest recent developments(consolidation).After that, some more "panic" will ensue upon realization of the implications of Brexit. SPX will move fast towards 1875 around late July where Yellen will probably treat Markets with the morning after pill-->A rate cut!
At that point SPX will quickly move above 2000.

It will be an interesting summer.
So stay tuned and enjoy!