As far as 2016 goes, one thing seems apparent: it is time to go back to the drawing board if your profession is polling. Both the Brexit vote last summer and of course the U.S. presidential election went against the consensus.
November 23, 2016
The morning after the election, we wrote that we expected the surprising victory by Donald Trump would likely result in increasing volatility for capital markets as investors absorbed unanticipated change and uncertainty with regards to the new administration.
October 19, 2016
The close of the third quarter saw the continuation of positive momentum for financial markets.
On the heels of the historic vote out of the United Kingdom to exit the European Union (BREXIT), capital markets are responding with significant downside volatility as investors attempt to determine the ultimate effect of this decision on global business activity. While uncertainty is resulting in expanding risk premiums across asset classes, it is critical for investors to look past the technical and emotional response of markets in the near term to determine the impact of the BREXIT vote on the future path of global economic fundamentals.
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