Market volatility is a constant in our modern world. But so-called Black Swan events sometimes take the concept of volatility to the next level. On June 23, voters in the U.K. passed a referendum supporting the idea that Britain should leave the European Union. Known as ‘Brexit’ for short, this surprising political outcome instantly plunged international markets into crisis, and the British pound took a beating.
Prior to the Brexit vote, Wall Street was already somewhat destabilized and reeling due to an abnormal political season in the U.S. and several other factors. And since the vote, the immediate future is looking anything but placid.
So what are the implications for the average U.S. investor? Will Brexit (and all the other turmoil we see in the