By Thierry Laduguie | Thursday 2 June 2016
The FTSE 100 closed down on two consecutive days, it would appear the bear trend has resumed. Oil is still trading near the highs, the S&P 500 is still trading near the highs, it seems the FTSE is going down alone. It could be something to do with the referendum or it could simply be that the UK index is leading the way as it has often done during the bear market. In this case I expect the S&P to follow the FTSE lower.