by Lance Roberts
Real Investment Advice
In this past weekend’s commentary, I discussed the failure of the market to hold its breakout above 2100 and the upcoming negative revisions to GDP. As of Friday, the market was flirting with breaking below important support at 2040.
However, Monday morning, that all changed. Over the weekend, the “Brexit” polls showed a surprising reversal as the “Leave” vote fell back to a neck-and-neck race with “Remain.” Of course, the primary concern for the markets over the last couple of weeks has been the impact of exit by Britain from the EU. (Which is arguably the best thing for them to do.) It all reminded me of the scene from “Breakfast at Tiffany’s:”