Nervousness after all time high ..

-“Everyone’s scared, “There are too many events coming up for investors to take a plunge.”  that was the last sentences coming from a strategist at Toyo Securities Co. in Tokyo headquarter. Which we all will confirm the logic in it. Markets could be skittish in the week ahead as the Federal Reserve meets and investors increasingly fret about whether the U.K. will vote this month to break away from the European Union. The Fed is not expected to take action, but the actions of other central banks will likely continue to be felt as their easing programs wash over global bond markets, sending some yields to record lows and driving buyers into the relatively better value of U.S. Treasurys. The European Central Bank added corporate debt to its purchases in the past week, adding more downward pressure on yields. Bonds have also seen a flight to quality trade on worries about global growth and the pending “Brexit” vote in Britain on June 23. Yields in the U.K. fell to record lows and the German 10-year bund yield touched 0.01 percent — the last stop before zero. The U.S. 10-year was at 1.63 percent late Friday. Stocks meanwhile attempted to rally in the past week, with the Dow crossing above 18,000 temporarily and the S&P 500 coming within range to take out its 2,132 all-time high. But stocks backed off toward the end of the week, as volatility increased, and European equities sold off hard. The dollar moved higher and oil and other commodities gave up gains. Gold was a standout, rising 2.7%.


 Major Us Indices 

Name Price Change % Change 1-Day
Dow Jones Industrial Average 17,865.34 119.85 -0.67%
NASDAQ-100 4.461.05 51.64 -1.14% 
S&P 500 2,096.07 -19.41 -0.92%
10,446.10 -143.72 -1.36%




The Brexit clock . . 


European and U.S. stock index futures dropped and the MSCI Asia Pacific Index slid by the most in two months. The pound slumped to an eight-week low after a poll showing an increasing points which lead for Britain to exit the EU sent it tumbling late on Friday. The yen rose toward its strongest level since 2014 as 10-year bond yields dropped to records in Japan. Oil retreated after a report showed an increase in U.S. drilling rigs, while gold climbed to a four-week high.


British sterling 


The pound dropped as much as 0.7% to $1.4159. It slumped 1.4% on Friday after an Orb/Independent newspaper poll showed 55% support for the “Leave” campaign, and 45% for “Remain.”   Gold for immediate delivery rose as much as 0.8% to $1,284.29 an ounce, the highest since May 16. A Brexit vote on June 23 could propel prices to $1,400..