Financial Tsunami Headed to US as Brexit Reverberates Across Markets

[kreslik.news]

Equity bulls or most longer-term market participants might be pining for an early weekend Friday, after the aftershocks of last night’s landmark Brexit vote have unleashed a wave of volatility and drama that is en route to US markets. Months of naysayers and doomsday predictions will certainly be put to the test today – while the markets won’t be collapsing in upheaval, US exchanges could be facing a day not seen since the depth of the US financial crisis in 2008.

Reading the Tea Leaves

If the Asian and European markets are any indication, US indices such as the Nasdaq and ... (read more)