Markets Hate Surprises
Submitted by Radix Financial on July 7th, 2016.png)
Last Thursday, residents of the UK, in a country wide referendum, voted 52% in favor of leaving the European Union, a so-called “Brexit”. This largely came as a surprise, as most polls were predicting a victory for the “stay” camp. Markets hate surprises, and as a result, we saw a global equity sell-off as investors headed for the sidelines. In the