The S&P has reached new weekly, annual, and all-time highs despite the uncertainty surrounding Brexit. More accurately, the S&P has risen 2% from levels prior to the British referendum, following a violent swing down (5.8%) and back up (+8.2%) along the way. That in the last fourteen days. But the behavior of European stock markets during the same period has been more intense. At the time of writing this note, accumulated since Brexit at 3.34%, after moving 10.9% downward in two days and rebounding 8.5% in the following twelve.
