Brexit? What Brexit? The S&P 500 closed at 2113 on Thursday, June 23, before the votes were counted in the UK. After the returns were in, the S&P 500 closed at 2037 on Friday and 2001 the following Monday, after dipping below 2000.
And the FTSE 100, meant to track the UK stock market, is above pre-Brexit levels. Of course, that does not adjust for the swoon in the pound, so a dollar-based investor in the UK is still down from last week.
Here is the recent action in S&P 500:
If you scooped up shares on Monday, give yourself a pat on the back. I did not do any buying, but I did view the sell-off as a terrific non-selling opportunity, so I had that going for me.