Jefferies: Don't Panic, Markets Are Handling Events Quite Well

Sean Darby, Jefferies chief global equity strategist, and Kenneth Chan, the firm’s quantitative strategist, want to have an honest conversation about Brexit. The world did not end after the vote, the sun, in fact, ended up rising in the east the following day and the sky is still blue. At least for now.

Markets are handling Brexit well

With the FTSE 100 breaking three month highs in the wake of the Brexit vote, put investing in perspective. It is important to understand what are short term market shifts and what reflect longer term regime changes, the June 29 report said.

To start, consider the reaction to Brexit. “There...