by Greg Guenthner
Daily Reckoning
Punch drunk speculators gave world markets a shot in the arm to start the week, gobbling up anything in sight as the mainstream media declared that Britain probably won’t vote to leave the rest of Europe holding the bag…
European stocks exploded out of the gates on Monday. The Euro Stoxx 50 jumped 3.5%, pulling the entire continent out of a four-week nosedive. Meanwhile, a morning jolt to U.S. stocks left the major averages higher by 1% or more.
But this week’s not all about kneejerk Brexit reactions from the emotion-fueled investing class. Despite the fact that the major averages couldn’t hold onto those morning gains, there are some very interesting trades setting up today…