Baird's Chief Investment Strategist Weighs In
On June 23rd the UK voted to leave the European Union, shaking global financial markets. The full impact of this decision may not be known for years, but early ramifications have been significant and widespread. Not long after the vote was official, British Prime Minister David Cameron announced his intention to step down. Meanwhile equity markets around the world saw steep declines, turmoil erupted in world currency markets and gold prices soared - all indications of excessive fear and uncertainty.
In keeping with Baird's commitment to providing timely global financial perspective, our Chief Investment Strategist Bruce Bittles has compiled his thoughts on the Brexit vote and its potential near-term implications.
As we have during periods of uncertainty in the past, Baird will continue to monitor this developing situation and offer insight to keep it in context for our clients around the world.