Caution: Danger Still Ahead

The stock market has posted a rousing recovery in recent days. After moving sharply lower in the wake of the “Brexit” announcement last Friday, the S&P 500 bottomed on late Monday and has been surging higher ever since. This has caused many to conclude that the market has already shrugged off the much ballyhooed “Brexit” event. To those that think we are in the clear, I would strongly caution against reaching any premature conclusions based on the stock market rally the last few days.

Please click on the link to read more of my article on Seeking Alpha.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: