 U.S. markets likely benefited from the fact that they had plenty of time to incorporate the news, opening well after European markets had already been trading for hours after the news broke.”Mike Sha, CEO and co-founder, SigFig |
Summary:
For the most part, the automated online advice firms known as robo advisors passed their first major market correction last August. But the volatility following the now infamous Brexit decision last week was more than a flash crash; it was based on a sociopolitical event that dominated the news cycle, rocked the global economy and could possibly lead toward a worldwide recession. Even if the overall dip wasn’t as drastic as the August 2015 volatility, emotions are high and investor anxiety is widespread
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