Looking at the Brexit issue, analysts at Kepler Cheuvreux think it is not just "a fiasco for consensus thinking," but also a statement on the entire investment year where oddity has been the watch word. The vote that the mainstream thought would never happen happened -- and the consensus of analyst opinion, the sheep point of view, all got it wrong. But more than just Brexit, the report notes a market environment change all should be aware of.
While consensus was wrong on Brexit, treat it as a one off and look at the larger trends
"The two months that have elapsed since Brexit day allow us to clarify the...
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