Saba says that the short-term uncertainty is itself overstated, as the U.K. remains part of the EU and will undergo exit negotiations that are expected to take at least two years.
In the meantime, markets should stabilize and potentially resume their run upward, says Semenuk, who believes that central bank policy will soften any negative financial effects from the Brexit.
But Travis cautions that attempts to soften the Brexit’s impact with lower interest rates and further quantitative easing could exasperate political discontent in Europe and the U.S.
“There’s already a global frustration with political mechanisms and central banks indirectly, and times are going to have to change,” Travis says. “Two hundred years ago, doctors used to bleed their patients. Now we have central banks that keep doing stupid things based on similar interpretations.
“In the meantime, people need to use the volatility to their advantage,” says Travis. “Look at your shopping list and add to your holdings when the valuations become attractive.”