Ramakrishnan: Markets Won't Like Brexit Uncertainty

The video discusses the political turmoil in the UK, including the appointment of a new Prime Minister and the implications of triggering Article 50 for Brexit. It highlights the uncertainty in markets and the need to focus on company fundamentals. The video also compares the valuations of General Electric and Siemens, discussing investment strategies in European and US multinationals. Finally, it addresses challenges in the banking sector, particularly in Europe and Italy, and the impact of Brexit on UK banks, with a focus on market capitalization issues and Fed regulations.

In what ways might Brexit be viewed as a continuing theme rather than a one-time shock?

What factors are influencing the focus on US multinationals over European companies?