CLEAN : US analyst: Leave Brexit vote would cause Wall St. cascade

The transcript discusses the potential market cascade effect with sophisticated investors exiting first, followed by retail investors. It highlights the volatility of Sterling due to Brexit polls and anticipates capital movement if a leave vote occurs. The impact on U.S. banks operating in London is examined, with potential relocations to Paris or Dublin. The U.S. economy's fragility is noted, with recession indicators flashing warnings, suggesting a period of elevated fear even if the situation stabilizes.

What does the text suggest about the relationship between sophisticated investors and retail investors during market changes?

How has the volatility of the Sterling affected investor behavior according to the text?

What are the potential consequences for U.S. banks if they decide to relocate from London?

What are some of the locations mentioned as potential new bases for U.S. banks if they leave London?

What indicators are mentioned that suggest the U.S. economy might be vulnerable?