Steve Blitz

Remember too that Brexit is occurring while the U.S. economy is in the later stages of its current business cycle, meaning the U.S. is more susceptible to economic shocks, there is, happily, a lot less leverage in the system than there was in 2007, meaning no recession of equal magnitude is threatened.

You've got again a sense that we're back to an easier central bank environment, on top of that, we had a little bit of a bounce in oil and that gives people hope that maybe the global growth is at least not getting worse.