On Thursday, polls will close at 10 p.m. local time (5 p.m. EDT) with results anticipated four to seven hours later (9 p.m. to midnight EDT). A “remain” victory would likely be well received by global stock markets and we should see some unwinding of the flight to safety (that is higher bond yields). A “leave” victory would not be taken well (weaker stock market, weaker sterling, and lower bond yields).
Scott J. Brown, Ph.D., is chief economist at Raymond James & Associates.