In the aftermath of the UK’s June 23 referendum on EU membership, markets around the world sold off, fearing the worst.
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A month on and you can be forgiven for thinking that Brexit never happened. The S&P 500 printed an all-time high last week, and markets seem surprisingly optimistic about the future. So, what happened to the Brexit sell-off?
What happened to the post-Brexit sell-off?
The Brexit sell-off or lack of it is the topic of an equity strategy research note published by Bank of America last week.
The report, a copy of which has been reviewed by ValueWalk, draws some interesting conclusions, notably that markets seem to have brushed off Brexit doomed after a...
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