Global equity and bond markets offered generally solid returns despite the late quarter uncertainty generated by the United Kingdom’s referendum result in favour of leaving the European Union.
Brexit Aftermath Not the Bloodbath Predicted
Brexit was only a few weeks back and there was a litany of cataclysmic predictions. Now they’ve been swept under the rug as markets have seemingly shrugged off concerns and focussed on potential stimulus measures. Which is slightly concerning, like Pavlov’s dog, markets now seem to slobber on bad news, expecting that monetary intervention will soon be following.