Optionsellers.com

Good afternoon. This is James Cordier with OptionSellers.com with a market update for July 7th. During our last update, I ventured a guess that when we look back on the months of June and July that we’re going to see that commodities and commodity volatility likely hit a crescendo. With the Brexit now behind us and the dust starting to clear, at my desk it’s starting to look more and more likely that that’s going to be the case. Coming November and December, we’re going to look back on June and July and that was quite an event. The volatility that spiked during this event was likely the high of the year. 2 things that we know now about the Brexit now that it has come and gone is: 1) Owning commercial real estate that houses banking in London is probably not feeling very good right now. 2) The other thing that we’ve learned from it is an already sluggish global economy is going to likely slow even more because of the deals that Great Britain had with the rest of the world, and they’re apt to be re-written. I