Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week’s roundup-post is here.
Previously on MoreLiver’s:
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Weekly Scoreboard – Between The Hedges
Succinct summation of week’s events – The Big Picture
Weekly Market Review – ZH
US Schedule for Week – Bill McBride
Economic Calendar – Berenberg
5 Things to Watch in US Economics Calendar – WSJ
Global Week Ahead – BB
Brexit Fallout, Spain Poll, Wimbledon * Yellen, Draghi speak at ECB forum after U.K. votes to leave EU * ‘Three Amigos’ Summit takes place; Nike releases earnings
EU Week Ahead – WSJ
Wall St Week Ahead – Reuters
Wall Street eyes low rates, earnings after Brexit rout
Weighing the Week Ahead – Jeff Miller
Is the Brexit Vote a Turning Point for Stocks?
EcoWeek – BNP Paribas
Week Ahead: Brexit! Now what? – Nordea
The UK voters defied wide-spread expectations of “much ado about nothing” in the case of a vote to stay in the EU. Links to the most important Brexit research are included below. Next week will mostly be about the policy reactions to Brexit as the big central banks meet, the EU Heads of State meet and the media will be dominated by the question: Who’s next? Also watch the Spanish election (Sun), US ISM (Fri), Chinese PMIs (Fri) and Norwegian unemployment (Fri).
Weekly Focus: After Brexit: what now? – Danske Bank
Week Ahead – Handelsbanken
Global Views Weekly – Scotiabank
Weekly FX Sentiment Report – Scotiabank
Weekly Market Outlook – Moody’s
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Macro Weekly: Brexit – now what – ABN AMRO
A lot of commentary has been produced on the UK electorate’s shock decision to leave the EU. Volatility on financial markets has jumped and it will probably take a while before the dust settles. Uncertainty prevails.
Speculative Positioning – Marc Chandler
Speculators Cut Currency Exposure ahead of FOMC, BOJ, and Brexit
FX Outlook – Marc Chandler
Weekly Market Summary – The Fat Pitch
But sell offs triggered by a shock event like "Brexit" tend to bottom and then reverse rather quickly. That is likely now as well as investors realize that the non-binding vote will have little material affect within the next year or two, if ever. Moreover, several studies related to extremes in volatility and sentiment suggest US equities are nearing a point where a reversal higher is very likely.