Wild Market Swings As Brexit Forecast In Newcastle Totally Unexpected

Investment Advisor Representative - Sitka Pacific Capital Management • Jun 23, 2016 at 9:02 PM EDT

It’s certainly amusing watching the amazing swings in US treasuries, equities, and the British Pound in the wake of counted voted in Newcastle.

Pollsters predicted 66.8% for Remain. Instead, voters delivered 50.7% for Remain.

In the time it took to walk my dog and discuss a few bridge hands with friends, futures swung wildly.

Newcastle Shock

Courtesy of The Telegraph Live Blog, here is the report on Newcastle.

S&P 500 Futures

Brexit S&P1

British Pound

GDP Brexit1

Mat Singh Tweet

Singh Tweet1

This is all ridiculous. Uncertainty will not be resolved no matter which way this goes.

Mike “Mish” Shedlock

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