We’ve been positioning for several major items on the macro docket. These include: Trump’s rise over the last year in the U.S. lines up with simmering nationalist movements across the Western world. There’s Brexit and …
Do you smell that? Smells like someone’s been crying over a crate of Ben and Jerry’s while chain smoking Marlboro ultras. That’s the smell of victory after a long night of British referending. The Middle East had the “Arab Spring” and now the United Kingdom has started the #BritishSummer. That’s right, we coined a term.
The SPY started around flat and quickly found its footing as sharks spread out.
After a quiet weekend, and a flat start to the week, the SPY took of with Monday’s bell.
The week itself started rather slow. Smart money used most of the early action to position themselves in ETFs.
If you can imagine this week’s SPY chart as a snow covered hill you’d probably have your winner.
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