UK-EU Brexit Agreement generates volatility. As the deal is still in talks and not finalized, volatility drops down. U.S. market is affected largely as per the Wall Street report. VIX dropped 33% as its volatility index was in the red region. Boeing shares dropped more than 6%. Of the 11 major sectors in the S&P 500, six were in the red.
Larry Kudlow the President head of the Economic Council conducted a meeting with President Trump. He also advised Trump regarding the US-China trade war and the upcoming recession alongwith the Brexit deal affects. The UK-EU Brexit deal is positive and certainly creates positive sentiment. However, in the end, it is not material for most investors, which will weaken the economy.
