Where to Invest in a Brexit World

The video discusses Citigroup's holdings in European debt securities and the impact of market volatility following a referendum. It introduces the 'volcano thesis' which highlights uncertainty, low investor confidence, and negative returns for equity investors. The discussion covers risk assessment, focusing on banks' roles and their improved capital positions. The FTSE 100's valuation relative to the Euro STOXX 50 is analyzed, considering currency impacts and the defensive nature of the UK market.

What is the significance of the 'volcano thesis' mentioned in the text?

What factors contributed to the high levels of uncertainty in the market ahead of the referendum?

In what ways have U.S. banks improved their capital positions compared to 5-6 years ago?

How did the performance of UK companies relate to their overseas revenue sources?

What are the potential risks associated with the UK equity market as discussed in the text?