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 […]