Tuesday, June 21, 2016

Like A Mind Without Direction

David Rosenberg: The world is stuck in a rally without a cause and that is worrying

Last week certainly was an interesting one. "Brexit" polls shifted towards the "leave" camp in a fairly decisive way, before the horrible murder of a pro-EU member of the British parliament sparked a relief rally in the markets that continued on Monday, as the balance of odds appeared to move sympathetically back to the "stay" camp.…