from King World News
On the heels of the Dow moving lower once again, traders fear Brexit could be a body blow to global financial markets.
A Portion of today’s note from Art Cashin: Might The Fed Test The Waters? – No one expects the FOMC to surprise the markets with its statement Wednesday. Some traders, however, wonder if the Fed might “test” the markets.
The test could be that they were scheduling a press conference for the July meeting. They could say – either in the statement or via Chair Yellen’s press conference Wednesday – that it was just to keep their options open depending on the data.