Brexit Means More Easy Money, and U.S. Stocks Love Easy Money (For Now):
In a normal world, Brexit would be bearish for capital markets and the economy but in our easy money addicted world, Brexit is actually bullish for U.S. stocks. Why? Because it gives central banks the green light to continue (if not do more) easy money. For now, investors love easy money and are buying stocks because there is so much negative news priced in to the stock market and the economy that any bullish news (Friday’s stronger than expected jobs report) is enough to send stocks racing higher.