by Jeffrey P. Snider
Alhambra Partners
It was a nice diversion while it lasted, I suppose. From the moment of the unfortunate murder of the British MP, funding markets, in particular, had been furiously “selling dollars” to get back some of the pound that was falling as Brexit had gained momentum. Media commentary talks about it as if that were the whole topic – it never was. With the votes counted and the reality setting in, there were going to be overreactions and there certainly have been plenty. But as time progresses, the world goes back to its natural trend: