Which US Companies And Sectors Have The Most Exposure To Brexit

At the company level, 30 companies in the S&P 500 have revenue exposure of more than 10% to the United Kingdom, led by Newmont Mining (64%), Molson Coors Brewing (34%), and PPL Corporation (31%). At the sector level, the Energy (6.4%), Information Technology (4.0%), and Materials (3.7%) sectors have the highest revenue exposures to the United Kingdom.

VIX Jammed Back Below 20 As Dip-Buyers Surge After Limit-Down Halt

From the moment S&P 500 futures were halted limit-down overnight, 'they' have been hard at work pressing on the throat of volatility, crushing VIX futures from over 27 to under 20 now as the machines desperately try to enable some momentum off the carnage in US equity markets...

A New Balance Of Power In The Gold Market

Once this process gets going it will quickly clear out the inventories of the Western exchanges, leaving nothing for future arbitrageurs. The exchanges will then force those wanting delivery to accept cash instead, in effect defaulting on their promises. Then it’s game over, with the big futures manipulators no longer a factor in pricing.

What Changed? Bernie Sanders Will Vote For Hillary, Less Than 24 Hours After Saying "No"

On "The Late Show" on Thursday night, just last night, Bernie Sanders gave a clear "No" when asked if he was going to endorse Hillary Clinton, because Sanders wanted his supporters to be heard, and the Sanders camp wasn't sold on Clinton's ability to move in the direction that was necessary. The next morning, like magic, Bernie pulled a Dennis Gartman, and flipped when he told MSNBC that he was going to vote for Hillary after all.

Here Comes Yellen: Fed Is "Monitoring" Financial Markets, Ready To Provide Liquidity With Swap Lines

The Federal Reserve is carefully monitoring developments in global financial markets, in cooperation with other central banks, following the results of the U.K. referendum on membership in the European Union. The Federal Reserve is prepared to provide dollar liquidity through its existing swap lines with central banks, as necessary, to address pressures in global funding markets, which could have adverse implications for the U.S. economy.

G-7, Central Bank Governors, Christine Lagarde Issue More Statements To Calm Markets

Showing once again that the world's elite has not learned any lessons from the UK Brexit, instead of focusing on the core issue at hand, namely the deterioration of the living standards of the developed world's middle class, the world's political and financial elite is instead scrambling to calm down global markets, i.e., assuage the fears of the 1%.

Durable Goods Orders Crater In May - Longest Non-Recessionary Slump In American History

Durable Goods Orders cratered 2.2% in May, drastically below -0.5% expectations - the worst since Feb. The entire data series disappointed with unexpected declines in Durables Ex-Transports and non-defense orders and shipments. However this is now the 17th month in a row of YoY Core Durable Goods declines, something that has never happened without a US economic recession being present.

Italy's Northern League To Launch EU Referendum Campaign Next

Shortly after the final Brexit result was released, first Netherlands and then France quickly warned they too would proceed with their own referenda. They are not alone: moments later the head of Italy's Northern League Said "Now it’s our turn’ After U.K. As Dow Jones reports, Italy's anti-immigrant and euroskeptic Northern League will start a petition calling for a law that allows a referendum on whether the country wants to exit the European Union, its leader said on Friday. 

"Please Don't Pop My Bubble!"

So ride your bubble of choice up--stocks, bonds, housing, bat guano, take your pick--but it's best to keep your thumb on the sell button and your mind attuned to the many needles and nails pressing aginst the thin membrane of the bubble.

"We Look For European Stocks To Make New Lows Over The Next Days" - JPM Reacts To The Post-Brexit World

All throughout the artificial short squeeze-driven, central bank-facilitated market rally since the February lows, JPM has been advising clients to sell into the rally. For those few who listened, congratulations. Of course most, who simply rode momentum higher and added, well - we can only hope you have enough in your margin account when the clerks come calling. And with that said, this is what JPM's Mislav Matejka happens next after the market's initial reaction.