Reconsidering Brexit's U.S. Market Impact

Michael Purvis discusses the short-term resilience of equities post-Brexit, highlighting the support for safe haven assets like Treasurys and the relatively stable dollar. He explains the significance of the VIX curve as a market signal and the potential long-term implications of Brexit on global markets. Despite the recent market rally, Purvis notes the lack of immediate tradeable events and the slow pace of Brexit developments.

In what way does the VIX curve behave during periods of market stress according to the discussion?

What does Michael Purvis suggest about the pace of events related to Brexit and its implications for global risk?