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.
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