There is no denying the worldwide wave of populism hit America last night.  The push-back from the common man against the establishment is real.  There is evident global frustration with those in the political class who are viewed to be out of touch with the average person.  It started in the Philippines in May, continued in the United Kingdom in June and now the ultimate insider candidate of Hillary Clinton has been deposed by a candidate never to have held elective office previously, Donald Trump. 

These are political waves though, not economic waves and the lessons learned in the Brexit vote are quite applicable to our own markets.