The World After Brexit by Worth Wray, STA Wealth Management
INSIDE THIS EDITION:
Brexit Vote Hammers Global Stocks
For What It’s Worth
Weekly Technical Comment
401k Plan Manager
Features Articles & Interviews
Brexit Vote Hammers Global Stocks
Written By: Luke Patterson
CEO & Chief Investment Officer
The vote:
It is often said that investors “buy the rumor and sell the news”. This suggests investors often like to buy stocks in anticipation of good news and then sell once the good news becomes fact. But, what happens when Wall Street “buys the rumor” and then the news is not what the public expected? Pandemonium. Welcome to the aftermath of the Brexit vote.
Stocks around the world reacted sharply....
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