Where is the british pound at ?Brexit referndum 23 of june 2016 .
Sothebys sells just one day before a very nice art collection Kandinsky , Chagall , Heckel etc .
Dont want to trade news but this event is worthy a bit of curiosity ; highly estimated artwork from diffrent art collections :)
Eyes wide open !
www.sothebys.com
Sothebys
SOTHEBYS DIVERGENCE?While Morgan Stanley and others (I assume) are suggesting to their investors to be overweight on consumer discretionary, I find it interesting that sothebys has been falling off with the market relatively flat. We saw sothebys divergence in early 2014 that preempted a modest market correction, and in the past, sothebys has rarely failed to follow market direction, when it has diverged, we saw the market drop (see Y2K bubble). Wondering if sothebys is telling us we'll see another test of something around 1820 in the coming year. Thoughts?