Brexit’s Aftermath: Referendum Contagion? It’s bigger than Trump. That’s the instant, inescapable, and more than a little harrowing takeaway from Britain’s vote Thursday to leave the European Union (“Brexit”). What’s less clear: 1) how far will the pendulum swing towards protectionism?; 2) who will be the leaders of this nascent movement?; and 3) whose agenda(s)...Read More
Three Reasons Investors Are in a Funk Gauging from investors’ current bleak mood, you’d guess that the Dow Jones was down horrifically — to 6,000 or 7,000 or even lower. Instead, while recent volatility has admittedly been through the roof, the Dow has “only” dropped to just below 11,000, as of this morning. That’s less than 15%...Read More
