With so much to consider regarding how global fiscal stimulus will play out, my focus is on sticking with U.S.-based assets that aren’t going to be hurt badly by a rising dollar and external events out of our control, like how the United States would fare if the United Kingdom ends up leaving the European Union. Early analysis points to some degree of stress in financial markets while raising the prospect of geopolitical risk. JPMorgan Chase CEO Jamie Dimon has said that a Brexit would seriously hurt not only his company, but also the global economy. At a minimum, he has said, a “Brexit will result in years of uncertainty and I believe that this will hurt the economies of both Britain and the European Union.”

To be sure, the British government isn’t required to act on a successful vote for Brexit; the referendum is merely advisory and not mandatory. And David Cameron, the U.K.’s prime minister, is an opponent of the Brexit proposal, so one can expect that he will use every means necessary to keep Britain in the European fold. The Financial Times is already suggesting that U.K.’s parliament “could try to re-negotiate another deal and put that to another referendum. There is, after all, a tradition of EU member states repeating referendums on EU-related matters until voters eventually vote the ‘right’ way.”