by Mike ‘Mish’ Shedlock
Today was one of the strangest market days I have seen in a while. This morning, the odd combination of gold, the dollar, and US treasuries were soaring. Equities were down pretty hard.
Supposedly this was attributed to Brexit fears. Not one, but two new polls showed Brexit in the lead.
Then in a tragic incident, Jo Cox, a Labour candidate for Remain, was shot and stabbed to death. The Markets reversed sharply on the news.
Let’s take a look at the reversals followed by a recap of the tragic incident.