Does the power to decide reside in the voters or those that count the votes? The world get an answer on June 23rd. If the vote is predetermined, invisible hand will drive another more difficult to control 'Brexit' in the years ahead.
Headline: Bond guru Jeff Gundlach says ‘Brexit’ won’t happen, but Twitter disagrees
Just as Scots didn’t vote to leave the U.K., Brits won’t vote to leave the European Union. That’s what bond guru Jeff Gundlach thinks — and he’s quite sure of it.
“It’s not going to happen,” DoubleLine Capital’s founder told The Financial Times in a Q&A published this week. “Look at what happened with Scotland. People aren’t going to pull a lever for Brexit, so I don’t even think that’s worth considering in the present time.”
There’s less than 10 weeks to go until the in/out referendum on the U.K.’s EU membership, and investors are trying to position themselves against the uncertain outcome.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.