The British people will vote Thursday on whether the U.K. should stay in or leave the European Union. How can investors trade the event?
Billionaire investor George Soros warned in The Guardian on Monday that a Brexit may lead to a market crash and hurt the finances of all the British people. We searched for stocks that could weather the storm.
Using Kensho, a quantitative tool used by hedge funds, we screened for the historically top-performing S&P 500 names the day after recent news events (polls, speeches, election results, etc.) leaned toward a Brexit. We then did the same search for performers after news events which hinted at a remain win.