I'm a financial adviser with Thompson Creek Wealth as well as a tax and business attorney with The Law Office of Hale Stewart.
Brexit's Impact on U.S. Will be Small
Overall, the U.K. vote to leave the European Union left several sources of uncertainty for the global economy in its wake. Short-term and longer-term uncertainty are likely to lead to some reduction in U.K. GDP and potentially longer-run growth, but the transmission to the United States is likely to be small. First, exports are a relatively small share of U.S. GDP, and exports to the United Kingdom are less than 1 percent of GDP. Second, while longer-term uncertainty will likely lead to a longer-term reduction in U.K. GDP, the transmission to the United States is likely to be much smaller. Provided that financial conditions across Europe do not become too strained, the evidence suggests that heighted uncertainty is a major concern for the United Kingdom, a modest concern for the European Union, and a relatively minor concern for the United States.
Oil Continues to Consolidate
QQQs and SPYs Don't Have Much Upside Room Based on the Number of Stocks About the 50 and 200 day EMA