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BLOOMBERG Bloomberg Markets June 20, 2016

Look at the brexit haunts, odds, what groups are affected by it. Take a look, we have the major averages of five better than 1 off the highs of the session but definitely reacting to this risk on sentiment that is due to come at least in part to what is unfolding in the united kingdom. If you look at the gains we are seeing, a pretty broadbased rally. Utilities is the only group down. Consumer discretionary, industrials, financials leading the gains with the cyclical groups leading the gains in todays session. Leading the s p to its best gains the best oneday gain in three weeks time. Automakers is a big part of the rally today. This appears to be what is going on in the u. K. This group is very currency sensitive. Because of all the volatility that has been attached to the possibility of brexit, that has not been good for these guys. Bouncing back our shares of tesla, rising today. Rbc wrote today it is more confident in their ability to ramp up production after a visit to its
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