Brexit Presents New Risks

Many American investors don't see the risk implications of the Brexit vote on the U.S. economy. While global stocks largely have recovered since late June, the decision caused the Federal Open Market Committee to hit pause on its plans to raise the Federal Funds rate in the second half of 2016 and possibly 2017. Also, no one fully understands what will happen to companies based in the United Kingdom as the divorce with the European Union moves forward.

You can read more about the effects of Brexit on the U.S. and an outlook for the second half of 2016 in my latest Investment Overview.