by Chris Gaffney
[…] I enjoyed last Sunday’s edition of the Daily Pfennig® newsletter in which Mike Meyer gave us all a quick recap of Brexit and what it could mean for investors. It was a rainy July 4th weekend, which gave me lots of time to really dig into his analysis. It got me thinking about what this will mean for the countries involved in our latest MarketSafe® CD.
As Mike reported, the uncertainties surrounding the results of Brexit have sent the global markets into turmoil. Global equity markets dropped in the days following the vote, as investors moved out of stocks into the “safe havens” of U.S. treasuries and precious metals.