Market Lessons from Brexit

It was hard to miss the panic among investors over Brexit -- the British electorate's surprising vote to leave the European Union. And what did you do? Hopefully, nothing. That's what I advised before the opening last Friday in a bulletin to subscribers of my free newsletter (sign up at TerrySavage.com).

Yes, global growth is likely to slow as a result of Brexit. Yes, the strong dollar is bad for U.S. business, as it will make it more difficult to sell products overseas. Reduced sales and declining profits are bad for job growth -- and for stock prices. And, yes, maybe you (and your adviser) should review your investment strategy now that things have quieted down.

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