Brexit panic: A gift from the market gods? | Humble Student of the Markets
Now that Mr. Market has decided that Brexit has been “fixed”, it’s time for a sober second analytical look at the impact of this historic decision by the UK electorate on the US equity market.
The knee-jerk market sell-off appears to be a gift from the market gods to investors. The economic impact of the event on the American economy seems to be relatively minimal.
Risk premiums have risen in response as the world is witnessing a repeat of the usual European theatre, whose last major production was staged during the Greek crisis of 2011.
Pre-Brexit, here is the US macro picture looks good. The industrial side of the economy, which had been in the doldrums, is showing signs of recovery.
Read more: Brexit panic: A gift from the market gods? | Humble Student of the Markets
