June 29, 2016

Britain’s Messy Divorce: How Brexit May Affect US Investors

WEEKLY UPDATE – JUNE 27, 2016 “How Brexit May Affect US Investors”, Stocks fell sharply last week in response to Britain’s vote to leave the European Union (EU), putting major indices in the red for 2016. Why did markets react so badly? The vote to leave was a surprise to most, and markets hate surprises. It’s too soon to know how Britain’s exit (Brexit) will play out, but predictions include a British recession, a breakup of the EU as other countries vote to leave, or the introduction of reforms by European leaders who see the writing on the wall. Since the referendum result isn’t binding on the government, there’s even a very small possibility that the Brexit won’t happen at all.[1] It’s anyone’s guess at this point. To help you understand how the Brexit may affect you as an investor, here are answers to some key questions: How will Britain’s vote affect markets? In the short and medium term, we’re likely to see a lot of volatility in financial markets around the world as investors grapple with the uncertainty of possible Brexit outcomes. In the long term, it’s hard to know what the final tally of the Brexit will be. If […]
June 14, 2016

Is Britain Really Going to Leave the EU?

Is Britain Really Going to Leave the EU? WEEKLY UPDATE – JUNE 13, 2016 Before we begin our usual weekly commentary, we wanted to take a moment to honor the victims of Sunday’s terrible attack in Orlando. Though details are still scarce, it is the most devastating mass shooting in U.S. history. Our thoughts are with the victims, their families, and with the community that now must cope with the aftermath of the tragedy. As we look for answers, let’s also remember to be grateful for the ones we love. Though stocks reached new 2016 highs last week, they ended the week mixed as investors showed nervousness ahead of Britain’s vote on exiting the European Union.[1] For the week, the S&P 500 slipped 0.15%, the Dow gained 0.33%, the NASDAQ fell 0.97%, and the MSCI EAFE lost 1.79%.[2] Though fear took over last week, some strategists believe that the S&P 500 could still test new historic highs in the days ahead, indicating that there’s still some optimism on Wall Street. What’s going on in Britain? On June 23, Great Britain will hold a national referendum on whether or not to remain within the EU. The polls had shown that both sides […]