The results are in! In an unprecedented referendum, the people of the United Kingdom have voted to leave the European Union. The sentiment seemed to be pretty split, if not leaning towards “remaining” in the days leading up to the vote. But as the ballots were counted, it became apparent that the U.K. wanted out. Click on the link below to see coverage from the BBC on the referendum and geography of votes.
It appears that the markets had not priced in the possibility of a “Brexit.” Volatility spiked as the outcome became clearer. Here are some charts below showing some of the major markets showing up to this morning (9:00am Friday 6/24/16).
September 2016 FTSE 100 Futures:
September 2016 E-mini S&P 500 Futures:
September 2016 GBP/USD Futures:
September 2016 US T-Bond Futures:
August 2016 Gold Futures:
August 2016 Light Sweet Crude Oil Futures:
Post by Colson Hauser
Alternative Investment Specialist with Foremost Capital Management
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