- Markets fell on Friday but they are exactly where they have been in the last weeks.
- BREXIT is noise, investors should focus on slower global growth and fragile financial systems.
- The market is still overvalued in historical terms but there are some opportunities.
An avalanche of articles since last week’s BREXIT is forecasting terrible things for the world economy and financial markets especially. Most focus on the huge declines stock markets saw on Friday, but let us first take a closer look. The UK FTSE 100 index fell 3.15% to 6,138 points on Friday, but all-in-all it was a positive week as last week started with the FTSE at 6,021 points. More →