Stocks were up for the third week in a row, posting record highs on better-than-expected earnings results and solid domestic economic data. Since the bottom of the post-Brexit selloff, the S&P 500 has gained 8.06%. For the week, the S&P 500 gained 1.49%, the Dow grew 2.04%, the NASDAQ added 1.47%, and the MSCI EAFE […]
Stocks fell sharply last week in response to Britain’s vote to leave the European Union (EU), putting major indices in the red for 2016. Why did markets react so badly? The vote to leave was a surprise to most, and markets hate surprises. It’s too soon to know how Britain’s exit (Brexit) will play out, […]
Earlier this morning, United Kingdom voters, in a narrow decision, voted to leave the European Union. In response to the decision, British Prime Minister David Cameron, who led the campaign to remain within the European Union, vowed to step down by October commenting that the country deserved a leader who is committed to carrying out […]