Financial Review

Mind the Gap


Listen Later

Brexit vote manana. Yellen returns to Capitol Hill. Home sales up. The rent is too high. Puerto Rico sued before pending default. Tesla buys SolarCity. Innovation versus buybacks. Financial Review by Sinclair Noe for 06-22-2016 DOW – 48 = 17,780 SPX – 3 = 2085 NAS – 10 = 4833 10 Y – .01 = 1.69% OIL – .82 = 49.03 GOLD – 1.70 = 1267.00   Tomorrow, UK citizens will vote on whether or not they want the UK to remain a part of the European Union. This is the referendum, also known as the “Brexit” vote. While opinion polls suggested the vote was too close to call, betting parlors in the UK put the odds of a vote to remain in the EU at 76 percent. Nevertheless, the whole process has been a source of great uncertainty. The euro currency hit its lowest level vs. the dollar in 12 years. Politicians on both sides of the debate will be making their last arguments today ahead of polling stations opening tomorrow at 7:00 AM London time. We probably won’t know the final vote count until Friday morning, although there might be a decision based on exit polls and early voting trends.   The major issues for Britons who want to leave: sovereignty, regulation, and migration. The major issues for Britons who want to remain in the EU: free trade, investment, unity, and peace. And while the greatest impact will be felt in the UK and the Euro Union, the vote will ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe