Another day of rough sledding as investors heads are spinning as the hits from everywhere, including from geopolitical events outside the United States, continue to take their toll.

The Brexit issue is very important for several reasons, from potential instability in the region and the impact on global economies, to an even wider unraveling of the European Union, which currently has its hands full dealing with Italy.

What is clear, is that heavy-handed resolutions, like those foisted on Greece and Ireland during the last economic crisis, aren’t going to be accepted by nations that realize they gave up too much to be part of this collective union that takes its marching orders from unelected bureaucrats in Brussels.

Theresa May just gave a press conference that’s helping the market, but there are many steps to go on Brexit, especially with letters of no confidence pouring in and resignations mounting.  We’ll keep watching this drama.  In the meantime, however, the market is becoming more intriguing.

Until an hour ago, technology was the only up sector in the market, now five sectors are higher, including financials.

Retail Sales

Although Walmart’s (WMT) shares are lower, there is no denying the American consumer remains strong.  Today’s release of retail sales underscores that fact and suggests strong momentum as we head into the holiday period.

I didn’t like the decline in restaurants and furniture, but I was pleasantly surprised on clothing and sporting goods.