How Did Markets Get Brexit So Wrong?

The video discusses the market's misjudgment regarding a significant political event in the UK, highlighting the consensus among experts that it would be disastrous. Despite this, the market reacted violently when the outcome was unexpected. The discussion explores the rationality of market participants and the challenges in predicting behavior. It also considers the implications of political events on market dynamics, suggesting that such occurrences may not be easily replicated due to the pain experienced by those involved.

In what ways did the market fail to anticipate voter behavior during the election?

What implications does the speaker suggest the current political climate has for future market behavior?