July 14, 2016
The second quarter was docile compared to the volatile first quarter of the year—that is until the surprising results of Britain’s EU membership referendum began to roll in on June 24th. When Britons voted to leave the 28-member economic block to which they had belonged for 43 years, market volatility spiked, causing investors around the world a weekend of indigestion. But as is usually the case with equity markets, fear-driven overreactions mostly right themselves after a short spell as soon as investors get used to the idea that going forward things will be a bit different.
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