by Lance Roberts
Real Investment Advice
With the markets closed on Monday for the annual “Independence Day” holiday, the technical analysis from the past weekend’s missive still holds. As I stated:
“I discussed the likelihood of Central Banker’s leaping into action to stabilize the financial markets following the British referendum to leave the E.U.
Then on Thursday more announcements came from both the Bank of England and ECB:
– BOE: SOME MONETARY POLICY EASING LIKELY OVER SUMMER
– BOE: MPC WILL DISCUSS FURTHER POLICY INSTRUMENTS IN AUG
– ECB: TO WEIGH LOOSER QE RULES AS BREXIT DEPLETES ASSET POOL
– ECB: OPTIONS TO INCLUDE MOVING AWAY FROM QE CAPITAL KEY
– ECB: CONCERNED ABOUT SHRINKING POOL OF ELIGIBLE DEBT