Volatility Lessons For A Week Of Angst; Market Movement In Stocks and Futures Beyond Expectations.
When the Brexit deal was all but done and most traders and odds-makers had made their conclusions, the voters made their decision. It appears that many of the voters would be interested in changing their tally as the economic impact of their choice was far more wide reaching than expected. It is interesting, however, to analyze the volatility since last Friday and understand how much volatility markets can have and how so many experts can be wrong. Even George Soros, who got long Gold and short Stocks before the move thought that Brexit was not going to happen.