RE: A call
Ghislaine,
Friday's market reaction to the Brexit vote was clearly not expected by markets. With the vote as close as it was the margin of error in the polling data caught market participants off-guard.
When events like this happen, we believe ifs important to pause and assess as opposed to making a quick or emotional decisions. It is impossible to discount what happens next in Europe or in financial markets. Along with the shock of Thursday's results, there is also now some sentiment that the voting process and results could be contested in a second referendum down the line.
There will clearly be effects from the UK's departure but this process won't happen to overnight. It will take years to understand and work out. There will be winners and losers and markets will need time to digest that information. Additionally there will be policy responses and political posturing that surely will move markets, the challenge is knowing who might say what at any given time and how the market may respond.
Below is a note and links to timely research from our Chief Investment Officer, Mike Ryan. In addition we have attached an interesting article from Ken Rogoff of Harvard along with a helpful chart of the process for the UK from here. If you'd like to set up time to discuss these events, and how they impact your portfolio please let us know.
Best,
Lyle & Scott
U.K. voters delivered an historic decision in choosing to leave the European Union. It's a move that has reverberated around the globe, further increasing market uncertainty and investor anxiety. However, We want to help you make sense of what it all means within the context of the larger economy, global financial markets and your own portfolio.
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We arc committed to staying on top of this rapidly developing event and its implications. Our analysts and strategists at CIO Wealth Management Research will continue to publish ongoing updates as events unfold. Their latest insights are included below:
CIO Note: Brexit-navigating the aftermath
Market alert: U.K. referendum implications
Listen to the replay from our special June 24 call:
Replay dial-in [REDACTED] or [REDACTED]
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The views expressed in the research provided do not constitute a personal recommendation or take into account the particular investment objectives, investment strategies, financial situation and needs ofany specific individuals. They arc based on numerous assumptions. Different assumptions could result in materially different results. We recommend that you obtain financial and/or tax advice as to the implications (including tax) prior to investing.
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Hi there –Hope you had a good call
thank you for the bellow – want to set up a call with my lawyer today or tomorrow if that is possible
[ ] can coordinate
Best
G
I am traveling. Would it be possible to do it on Friday. If not Lyle can be in the call before.
Scott L. Stackman
Managing Director - Investments
Private Wealth Advisor
UBS Private Wealth Management
299 Park Avenue 25th Floor
New York, NY. 10171
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Stackman/Casriel Group — Barron's Top 100
Let's see if we can do a call before and then another one when you are. Back Friday does that ? Thx
The TerraMar Project
Yes. Lyle will do first call.
Scott L. Stackman
Managing Director - Investments
Private Wealth Advisor
UBS Private Wealth Management
299 Park Avenue 25th Floor
New York, NY. 10171
Stackman/Casriel Group — Barron's Top 100
Lyle is traveling tomorrow, but does have availability Wednesday and Friday this week. Please find some times below.
Wednesday, June 29: Between 10AM-11AM; 2:30PM
Friday, July 1: Any time
Thank you!
Molly
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Thank you, Molly. Ms. Maxwell’s advisors are available on Friday at 11:00am ET. Does that still work? We can use the following conference line...
Dial-in Number:
Thank you, Molly. Ms. Maxwell’s advisors are available on Friday at 11:00am ET. Does that still work? We can use the following conference line...
Dial-in Number:
All the best,
Hi
That works for Lyle! I will send a calendar invite to you and Ghislaine, if you would not mind passing along to any advisors that will be joining on your end?
Thank you!
Molly