Brexit Trend – Brexit wasn’t a shock to Wall Street because the UK decided to leave the EU. There is a larger picture, a Bank of America Merrill Lynch research piece says, and it speaks to a societal trend. “The Brexit vote was a shock to Wall Street because an electorate in a country with no economic or financial crisis voted to dramatically change its political status quo,” the bank opined. In part the new normal might be a central bank war on inequality. For investors, understanding this trend means a portfolio repositioning might be appropriate. Brexit trend – Central…
Brexit Trend Is Real, Adopt Portfolio Strategy For War on Inequality
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.