It is two things to watch out for tomorrow. First of all we have the U.K snap election, and then we have Former FBI Director James Comey who will appear before a Senate panel in his first public testimony since President Donald Trump fired him.
Theresa May shocked the world with her «emergency election», and the decision seems to be very odd. But there is no doubt that this election is all about “Brexit”. Boris Johnson said only May can fix Brexit.
This is very important to investors as the “Brexit” decision and the outcome of the snap election is a make or break in the market. Take a look at the market. Investors has poured billions of dollars into the European stock market.
The tension is high and there is no secret that someone wants to kill “Brexit”, and if they succeed, the market will crash and burns. The other outcome is when “Brexit” lives which means a huge rally for the rest of this summer.
Investors are on the edge again. The death of “Brexit” could plunge Europe into chaos.
According to BBC, there is a shift in the campaign patterns of both parties after a May U-turn on social care funding. But in the wake of the Manchester and London terror attacks national polling averages have shown that May
s Conservatives retain a solid lead over Corbyns Labour.
Polling average puts Labour 9 points behind the Conservative party. Conservatives 45% and Labour 34%.
May`s majority can be wiped out with a 2 percent swing from the Conservatives to Labour and Labour will gain 10 seats. But we have learned from the polls before “Brexit” last year that the polls in the U.K is not perfect, which means a lot of things can happen.
In addition to the election, we also have the Pope
s private meeting with Britains top brass. A financial «Fault line» which is worth billions and ready to crack open on June 8. I`m not gonna talk more about that but rather say something about James Comey who will testify on June 8.
This is the first testimony since Hillary Rodham Clinton`s testimony to a House committee investigating the 2012 attacks in Benghazi, Libya. The Benghazi committee hearing came to an end after 11 hours.
Comey will speak to an open hearing of the Senate Intelligence Committee followed by a closed session. The hearing is part of the panel`s probe into alleged Russian meddling in the 2016 election and any possible ties between the Trump campaign and the Kremlin.
Comey was abruptly fired last month while overseeing the FBI
s own investigation of alleged Russian interference. The White House has given shifting explanations about Trumps motives for firing Comey.
The administration initially said Trump acted on the Justice Department`s recommendation, though Trump himself later said he would have fired Comey «regardless» and was thinking of the «Russia thing» when he decided to do so.
JUNE 8 IS A GREAT DAY!
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.