Listen To Monday’s Investor’s Edge Radio Show: Stoolander Edition 06/27/2016
Highlights: 1. Market Wrap 2. Gary breaks down Monday’s action for you 3. Find out what Gary is watching right now and why
TD Ameritrade CEO: Main Street Investors Dial Down Risk @FoxBusiness
http://www.foxbusiness.com/markets/2016/06/27/td-ameritrade-ceo-main-street-investors-dial-down-risk.html
Spooked by Brexit, Financials See Biggest Two-Day Slide in 5 Years @FoxBusiness
http://www.foxbusiness.com/markets/2016/06/27/spooked-by-brexit-financials-see-biggest-two-day-slide-in-five-years.html
Wimbledon Purse Takes Hit After British Pound Implodes @FoxBusiness
http://www.foxbusiness.com/features/2016/06/27/wimbledon-purse-takes-hit-after-british-pound-implodes.html
Yankees, StubHub End Standoff With Ticket Deal @FoxBusiness
http://www.foxbusiness.com/features/2016/06/27/yankees-stubhub-end-standoff-with-ticket-deal.html
Trump, Clinton surrogates brawl as race heats up @FoxNews
https://www.foxnews.com/politics/2016/06/27/trump-clinton-surrogates-brawl-as-race-heats-up.html?intcmp=hpbt1
Banks pull stocks lower as Brexit continues global rout
http://www.reuters.com/article/us-global-markets-idUSKCN0ZC14U
U.S. officials try to calm markets, urge ‘responsible’ UK-EU divorce
http://www.reuters.com/article/us-britain-eu-usa-idUSKCN0ZD1Z6
The Closing Look
Stocks fell hard on Monday as the post Brexit selling continued from Friday. We have no idea how these rating agencies are still in business (after missing all of 2008) or why anyone listens to them, but stocks sold off after Standard & Poor’s lowered the United Kingdom’s sovereign credit rating from “AAA” to “AA.”…