Carnegie Market Blog

 

Brexit Stage Left

Posted by Brent Luce on Jul 8, 2016 4:54:03 PM

Brexit Stage Left

 In the last blog, I asked whether this would mark the beginning of a major downturn or just be a blip.  Just like many other emotional moments, very few investors would have guessed that it would be a blip.  So far, at least as far as the U.S. market is concerned, it has been a blip.  In fact, as I type this, the S&P 500 is at an all-time high.   As the market crosses new highs, there is broad participation among sectors, sentiment is hardly exuberant and all the headlines are negative – historically, these are bullish signals.  MORE:  S&P 500 Heads for Record High 

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Topics: Non-Farm Payrolls, Brexit, Bull Market

Brexit and the Cavs

Posted by Brent Luce on Jun 24, 2016 4:33:00 AM

World Champions

I will start with the pleasant news.  Since the last blog, the Cleveland Cavaliers brought a championship to Cleveland for the first time in 52 years.  For those of you who do not live in Cleveland, the last game was an epic battle and the sports highlight of almost every Cleveland sports fan’s life.  Following the win was the most incredible victory parade ever.  It is estimated that over 1.3 million people (the most ever in Cleveland at once) attended the celebration.  There were people of all ages and backgrounds all rallying together around the champions.  It was truly one of the best moments in Cleveland ever!  Below are a few photos that capture a bit of the experience and crowd.  WATCH: Parade Highlights and/or  WATCH:  The Best Two Minutes in Cleveland Sports Since 1964

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Topics: The Cavs, Brexit

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