by Greg Guenthner
If you blink you might miss it…
As investors pressed their bearish bets post-Brexit, the world abruptly stopped falling apart.
Stocks halted their skid and turned higher this month. After all the handwringing, the S&P 500 is within spitting distance of its all-time highs. Even the Dow Jones Industrial Average is less than 170 points from smashing through to uncharted territory.
Unless the market encounters a catastrophic failure, we can expect to see the major averages post new highs this week.
That might come as a shock to you.