How Brexit Wrecked the Stock Market
The shocking underperformance of the London stock market is no longer just a global humiliation but a national crisis. Bad policy choices threaten to make it worse
Sometimes you don’t appreciate what you have got until it is gone. How soon before Britons wake up to the national disaster that is unfolding in the stock market? Around the world, stock market indices are being drive to new highs by what the Financial Times recently described as a global investor “risk reset” reflecting growing confidence in the global recovery. Yet there is one glaring exception to this trend. Since the beginning of January, the S&P500 index of US…
