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Market Commentary - Page 6

With a choppy global economy and nervous investors combining to produce major market mood swings, at least through the midway point, 2016 is playing out a lot like 2015.

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Financial markets got off to another shaky start this week, as investors made jittery by Britain’s surprising vote to leave the European Union abandoned securities for U.S. bonds and Treasury bills, which they perceived as safer investments.

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Equity and currency markets were jolted overnight in the aftermath of Britain’s surprising vote to leave the European Union. We expect short-term volatility to continue as markets adjust to the news.

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Opportunities exist for investors who select their entry point carefully.

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Disconnect between strong market and underlying economic weakness raises risk of selloff.

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