The sharp sell-off brought about by the Brexit vote last week could be a buying opportunity, if the history of past market shocks is any guide. But traders will have to stay nimble as the selling could return soon.
In the past two sessions, stocks logged their worst percentage decline since August as investors scrambled to figure out the global implications of Britain's decision to leave the European Union. In Tuesday morning trading, however, U.S. equities were poised to bounce back, along with European shares.
By using the quantitative tool Kensho, CNBC PRO ran a study to find which stocks typically rebounded first after a significant market surprise. The analysis focuses on the instances when both volatility in the U.S. and in Europe spiked by more than 20 percent, and what occurred one week after such events.
In an exclusive video for PRO members, CNBC's Deirdre Bosa discusses the results.