Leaders Index 6-24-16

[PeterR]

Hello Jerry,

I agree on the importance of next week.

Yes the Bookmaker odds got it wrong. I am trying to gain a feeling for that kind of data.

But besides that, I am surprised that the market was surprised.
I guessed that the near 50/50 vote was priced in.

The near 50/50 was not news.
At least the many many polls indicated a very close outcome,
which we got.

Maybe this is only a low liquidity environment (as in low participation), which causes the hyper volatility.
Maybe real money is still on the sidelines.