MORRIS: What’s going on post-Brexit and what it means
By Kyra Morris, contributing editor | History was made June 23 of this year when the United Kingdom (UK) voted to leave the European Union (EU). For two days after the so-called “Brexit” vote, the U.S. stock market offered buying opportunities.
The DOW fell over 600 points on the June 25 and another nearly 300 points on the following Monday. Then the rebound began. Within the following month, the S&P and the DOW not only regained their pre-Brexit levels, but went on to achieve record highs. International markets since the vote – everywhere but the UK — also rebounded. This include both developed and emerging markets. This is only one month. Does it give us any idea of what to expect going forward?
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