It's an unusual question to ask, but for the past 2 weeks we've had what i like to call a mixed bag when it comes to stock exchanges, especially as we roll into the Summer months and things tend to go a little quiet with investors and traders getting ready for Summer breaks, then as if by magic we get a rally and not in the US, it started in Europe.
Unless you've been off the grid, you cannot escape the fact that the UK is currently divided by the "In" campaign and the "Leave" campaign, but as someone who has played with the exchanges for quite a long time now and when i look at investing i don't tend to play the news, so is today's rally as i termed it on Facebook a last dash for cash before the referendum or is there more good cheer to come even after the results of the referendum?
I'm quite sceptical of the main stream media, well ever since the whole phone hacking and general underhandedness, plus the whole bias in the media, so i don't tend to trade the news myself, but there is clearly two camps of investors and i highlighted this over the weekend, there is investors who stand to gain a lot from an In vote and there is those who stand to gain in an Out vote, but there is the middle investor, who is trading the news and polls, clearly this strategy cannot and will not pay off in the short term.
my own thoughts on how to play the market is simple, when your looking at the stock, look at the company as a whole, look at their history, i always like to think that history will repeat itself and if anything don't play the over subscribed stocks.
The significance of today's rally is that usually the US Stocks rally quite well, but Europe doesn't really do rallies, but today we came out of our comfort zone, something the UK will be doing if it does leave the European Union.
