‘Brexit’ Hits U.S. Stock Market Harder Than an Election

In response to the British vote to leave the European Union, the American stock markets have moved more than they have in response to any presidential election over the past 60 years.

.. Election-eve prediction markets had suggested around a one-in-six chance that Britain would leave.

.. And that conventional wisdom seems to be that Britain’s exit from the European Union will lead to economic disruption that will echo across the Atlantic.