ITAÚ: Brexit Is the Canary, US Election the Coal Mine

Back in the day, the canary in the coal mine served as an early warning signal for when air quality became too poor to support the miners: when the canary hit the ground, it was time to exit. Nowadays, this saying is used to suggest when one event is a warning of another. In today’s financial market context, the uncertainty surrounding the UK’s Brexit debate is the canary for what the US and global markets more broadly are about to experience in the run-up to November’s US presidential election.

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