Stocks Soar After Poll Suggests U.K. Will Remain in EU

then after the market closed……

Brexit: YouGov/Times poll shows 42% Remain, 44% Leave, 9% Don’t Know, 4% Would Not Vote

The polls are all quite hilarious and it reminds me of the inanity of our own election polls.

The market began its week on a higher note as investors eyed a rally in global equities following a reversal in Brexit polls. However, the equity indices finished off their highs due to a sell off in the final hour.

SPX 10 minute

The Dow climbed 129.71 points. The index pared some of its earlier rise of as much as 271 points, but still had its best day since May 25. The S&P 500 rose 12.03 points, while the Nasdaq gained 36.88 points.

Focal points for today included a bid in risk assets, softening in the dollar, a rebound in oil and a big sell off in treasuries.

There is a huge amount of headline risk right now, and every time a Brexit poll move s a little, the markets will move a lot.

Interesting that the SPX stopped right at that big 2100 level and sold off hard.

See you in the morning.