Critical information before the U.S. market’s open
by Victor Reklaitis
The skepticism around last week’s rally is growing, piling up at about the same rate as the latest crop of Brexit heebie-jeebies.
That’s leading to talk about whether traders ought to get ready to buy the dip yet again — or look to escape before this week’s selloff gets worse.
“It’s hard to tell at this point whether this is a final capitulation washout or the start of another downleg,” writes Colin Cieszynski at CMC Markets.
On the plus side, political uncertainties may be “settling down,” as Theresa May looks on track to become the U.K.’s next prime minister and the FBI decided to just scold Hillary Clinton, Cieszynski notes.