fb
X
X
Tired?
Unfocused?
Off your game?
Read our free, updated as of Mar 3, 2022, Dr K report on how to optimize your mind and body so you can boost your focus when trading the markets.
YES, SEND ME THE REPORT !
Meet Dr K !
Chris Kacher
  • Nuclear physicist
  • Stock & crypto market wizard
  • Blockchain builder
  • Bestselling author
  • Top 40 charted musician
  • Biohacker
  • Former computer hacker
YES, SEND ME THE FILE !
YES, SEND ME BOTH !
Your email will always remain private.

Market Lab Report - Premarket Pulse 6/14/16

Major averages fell yesterday on mixed volume as investors' nerves begin to fray in response to a looming potential "Brexit," the start of the two-day Fed policy meeting, and fears of an expanding global economic epidemic. The S&P 500 came within a hair of its 50-day moving average, while both the NASDAQ Composite and Dow Industrials closed below their respective 50-day lines.

While 53% of voters in the United Kingdom favor an exit from the EU, a rigged poll would come as no surprise. Bush-Gore 2000 anyone? You might want to watch the docudrama "Recount" as it is quite the eye-opener. The US also has put pressure on Prime Minister David Cameron to insure Britain will remain in the EU.

That said, if the UK leaves, the remaining countries within the EU would most likely be forced to consider doing the same. But if the UK stays, it will only further put a drag on the UK's economy as it has done since they joined. So UK politicians can blather all they want, the facts are the facts. Either way, as we have said, the euro's days are numbered.

The markets nevertheless hate uncertainty so expect heightened levels of volatility, at least over in the UK and in Europe until the vote is cast on June 23. Such volatility could bleed over into US markets. Futures are currently off about -0.3% as the UK and European markets trade lower by more than 1%.

The Federal Reserve concludes its two-day meeting this Wednesday at 2 pm ET while the Bank of Japan concludes its two-day meeting on Thursday.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
FOR OUR FREE MARKET LAB REPORT :
Copyright ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing.
All Rights Reserved.
privacy policy