Observations and Perspectives: Right Back Where We Started From


In an emotional vote against crony capitalism, immigration fears and the widening gap between haves and have-nots, the UK voted on Thursday to leave the European Union, shocking pollsters and market makers the world over. The psychological damage on Friday was jarring: the British pound touched a 30-year low, European bank stocks plunged close to 20% and jittery investors rushed into gold and anything U.S., including bonds and the dollar (but not stocks or high yield bonds….yet).

Terri Spath 6/24/2016

Have an Account?

Sign in to Account

New to Sierra?

Create an Account

To access our exclusive content for Investment Professionals, please provide a business email address.