Brexit anxiety being felt in U.S. markets
As the polls last week regarding the Brexit vote to take place this Thursday June 23rd in the United Kingdom flip-flopped back and forth, so too did the performance of the markets. Add in a weak May Industrial Production Report and even weaker May housing data, and what we got was a 1.2 percent drop in the S&P 500 for last week, putting it just slightly ahead of break-even status for the year.
In this week’s Monday Morning Kickoff:
- An overview of the Brexit impact on U.S. Markets, the IMF’s viewpoint on the issue and our thoughts on which direction it might go . . . Read more
- With inflation remaining well below 2 percent, and poor economic data, we review why the Fed made the easy decision to hold pat with interest rates and why another rate increase won’t be happening until late 2016 at the earliest . . . Read more
- While earnings announcements are light this week, the data will be rich. In addition to the Brexit vote results, we’ll be getting May Existing Home Sales Data, New Home Sales and May Durable Orders reports. Given the recent trajectory of these reports, we share some thoughts on where investors might be headed . . . Read more
