NEW YORK (TheStreet) -- Data Capital Management CEO Michael Beal returned to CNBC's "Closing Bell" on Friday to discuss the aftermath of the Brexit vote, which he predicted on air earlier in the week.
Despite overall media sentiment and the market tone, the U.K. does not appear to be heading toward a stay vote, based off of social media and Google (GOOGL) searches, Beal argued prior to the U.K. voting to leave the European Union (E.U.) yesterday.
And he was right.
"So data won out again for you. And what surprises me the most is how wrong the market got it. Often the market will know the truth before the rest of us do," CNBC's Bill Griffeth commented.
"I think that people often think about big data as if it's magic. Really what it is, is it's information and it's information that machines have the ability to understand because they have the ability to look at a broader swath of information as opposed to being influenced by the louder voice," Beal explained.
Also, weather (the heavy rain and flooding in London) really was a factor in the Brexit vote. Incumbent and independent voters usually have a 10% to 25% turnout decline when there is severe weather, he added.
Meanwhile, Beal will be looking for the fearful sentiment in Europe, about the uncertainty of where Britain will go from here, to bottom out.
Also, while the Brexit is "unchartered territory," panics have happened before and Beal will be watching for "winner and loser" stocks once the fear settles a bit.
The Brexit shot global markets, including the U.S., down a steep spiral all day today.
The Dow Jones closed down on Friday by around 611 points, marking a record low since 2011. The S&P 500 closed lower by about 76 points and the NASDAQ closed down by around 202 points.