Brexit Blah Blah Blah … What's Next?

Brexit Blah Blah Blah ... What's Next? by Greg Silberman

No doubt your inbox has been hit with a plethora of emails with that title.

I’m sure they are good and insightful.

This note seeks to take a slightly different tact as we explore a hypothetical client conversation.

Q: Were you surprised by the outcome of Brexit?

A: We had been saying for months that the market structure was looking weak. We noted on several occasions that the market was failing to make new all-time highs, instead making a series of lower highs which is bearish.

In other words the trend was DOWN and the trend...