This chart shows how much Brexit matters to the U.S. stock market

Some excitement is warranted because it took years of wrangling for the U.K. and the European Union to reach a deal at the last minute. However, all is not clear. Northern Ireland’s Democratic Unionist Party does not support the deal. The opposition Labour Party is calling for the agreement to be rejected. As of this writing, there is no guarantee that the deal will be approved by the U.K. Parliament.To find out, please click here for an annotated chart of S&P 500 ETF SPY, +0.29%.

Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies. Have a question? Send it to Nigam Arora. There may be certain isolated opportunities in U.K. stocks and our plan is to take advantage of such opportunities. Investors should also keep their eyes on the price action in mega-cap stocks such as Apple AAPL, +0.39%, Amazon AMZN, +0.57%, Facebook FB, +0.44% and Alphabet GOOG, +0.76% GOOGL, +0.79%.

TheAroraReport A weaker EU caused by Brexit should theoretically give the US greater leverage in negotiating trade with UK and EU. Then maybe Wall Street might react positively? Correlation? Probably not. But the sooner global trade issues ease, so will the markets.

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