The Brexit Breakout: What If Stocks are Wrong?

The market might be looking past the Brexit vote , but that doesn't mean its right to do so. Yes, the S&P 500 has 0.7% to 2,100.35, while the Dow Jones Industrial Average has risen 129.50 points, or 0.7%, to 17,910.33, and the Nasdaq Composite has climbed 0.8% to 4,870.64. That's a sure sign that most investors expect Britain to vote "remain," or have at least hedged away their downside risk . But not everyone is so convinced that Brexit opponents will carry the day. Consider this from MKM's Jim Strugger :