RE:RE:Long weekend read...Mayor. It's hard to deny that the SP has been in a holding pattern for the past two years. You are right. it’s not helping in HVU. The SP can’t break ATH, it’s equally unable to say below 2000 for long.
Actually BREXIT will stay in the news (my opinion). I’m expecting to see a drop in July EU PMI’s and other just based sentiment reports. GDP All the June PMI’s that came out this week are pre BREXIT and show good numbers.
Non-gold commodities (oil, industrial metals) are overbought right now. Are we going to see a similar pattern in 2016, where commodities drop in the second half of the year?
We have experienced late summer / fall drops in 2014 and 2015. Is 2016 going to follow the same pattern?