Armstrong: 'Shocking' If Article 50 Timeframe Derailed

The transcript discusses the triggering of Article 50 and the debates surrounding Brexit, highlighting Theresa May's preference to bypass Parliament to avoid complications. It examines the potential economic impacts, including pound volatility and the risk of recession if a transitionary period is not established. The discussion also covers investment strategies, such as avoiding the currency market and shorting the Footsie 250, due to the economic uncertainties posed by Brexit.

What was Theresa May's stance on involving Parliament in the Brexit process?

• She believed it would simplify the process.

• She thought it would make the process more complicated.

• She wanted to involve Parliament to ensure transparency.

• She was indifferent about Parliament's involvement.

What is the market's hope regarding Brexit, according to the discussion?

• A transitionary period to ease the process.

• Immediate economic growth post-Brexit.

• A hard Brexit with no transition.

• A complete reversal of Brexit.

What is the potential consequence of not having a transitionary period for Brexit?

• Immediate economic growth.

• The UK falling back into recession.

• Increased foreign investments.

• A smooth transition with no issues.

Why is the FTSE 250 considered vulnerable in the context of Brexit?

• It relies heavily on domestic revenues and imports.

• It has strong multinational revenues.

• It benefits from a weaker sterling.

• It is less sensitive to economic cycles.

Why is the VIX not owned according to the discussion?

• It is not relevant to the UK market.

• It offers guaranteed returns.

• It has a high punitive roll cost.

• It is too volatile.