Bulls Triumph

The week after Brexit finished with the triumph of "bulls". Almost all asset classes are now trading above the levels prior to the referendum and the likely demand for risk will remain high and the next week. The reason for the growth in buying activity - the central banks, that have announced supporting programs, which in fact means the conservation of ultrasoft monetary policies of leading central banks for a long time.
Even from the Fed, investors no longer expect a rate hike this year. According to Bloomberg consensus, the likelihood that the Fed will raise the rate on one of the next meetings is close to zero. Conversely, the likelihood, that the controller can reduce the rate is increased. As a result, we are seeing demand for dollar assets: yields on US long-term treasuries updated their historical lows, the S&P500 is trading close to its highs.