The Retirement Guardian July 2016 (Q3)
The Brexit vote has brought a lot of volatility to the markets. In this video, we walk through some of the fallout from the vote and what it means for the markets.
Western Digital Corp. (NASDAQ:WDC) has been pounded by the Brexit selling and this has taken price back down into the Ivory zone. We will be watching to see how this stock reacts to this liquidity pool, and will take long exposure once this wave of selling confirms that it has exhausted itself.
The S&P 500 index proxy (SPY) sold off hard as a result of the “Brexit” vote, then formed a 100% retracement. We still see one last phase of bullish energy, perhaps driven by central bank intervention before this market can top out for good. We are monitoring the situation and will update you as…