You can count the number of hours until the big U.K. referendum on whether the nation chooses to stay in the European Union — or leave its ranks. Investors and traders have been and are still jockeying around one of the biggest global market events of the year, and many Wall Street experts are weighing in on how to prepare for the anticipated volatility.
The opinions vary, but one strategist thinks that the trend is your friend, no matter what the outcome of the so-called Brexit vote that takes place Thursday. Many recent polling numbers have the decision as a virtual coin toss, with both sides on equal footing.
Brian Belski, chief investment strategist at BMO Capital Markets, is looking toward the outcome of the vote and deciding which sectors or industry groups in the U.S. stock market could benefit.
If U.K. voters choose to remain in the European Union, Belski believes investors will look more toward those industries that benefit the most in a rising economy, and they'll look less at the ones that are more dividend-oriented, or defensive in nature.