Blackrock's Watt says pre-Brexit GBP buying accelerated the market mayhem

24 June 2016, 17:52
Sherif Hasan

Blackrock chief strategist Watt talking to Bloomberg 24 June 2016

  • there would have been less market disruption  if investors had bought sterling on polls favouring Remain
  • GBP could rebound over next week but will likely weaken from here over next 6 months
  • US stocks down 3-4% after Brexit is "odd"
  • many assets falling have ntg to do with Brexit
  • Fed hike on hold this year should be good for credit, likes quality emerging markets, Mexico
  • Japan in "prisoner" dilemma re mon pol ineffectiveness
Japanese officials well in contention for Continuous Talking gold medals though.
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