Acumen Market Insights: Markets React to Brexit vote to Exit European Union

June 24, 2016
Written by Reese Veltenaar, CFP®, M.Acc., CTFA  Partner
Many Americans will be waking up this morning to the barrage of news coverage surrounding the large pullback in markets as the results of the vote for the British exit from the European Union (EU).  The vote is in favor of leaving the Union.  Reuters reported 51.8% in favor of leaving vs. 48.2% for staying in the EU.

The Dow Jones was up 1.34% yesterday after the first results of the vote came in favor of staying in the EU (Source: Yahoo Finance). Equity markets around the world are tumbling this morning while bonds and gold are rallying. Here is what you need to know:

The Background:

The Impact:

Steps Acumen is Taking:

We encourage clients to continue to proactively work with our team to monitor their accounts, capitalize on potential opportunities, and evaluate their risk tolerance.   We are here to answer any questions you may have.

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