Confusion Over Brexit Complacency; Concern Over UK Real Estate

HSBC and its institutional clientèle are confused. After an unprecedented level of fear was generated surrounding the Brexit vote, how is it that the stock market is so positive? But that’s not the only concern HSBC’s institutional clients are pondering. What are the limits, if any, of “unconventional monetary policy?” Will the once laughed prospect of “helicopter money” become a reality in Japan? The US looks like the “safest haven,” but is it oversold? Clients are exhausted about Brexit but want to talk about UK real estate There is apparent “exhaustion” regarding conversations about the macro implications of Brexit among institutional investors,…