NEW YORK (TheStreet) -- Merger and acquisition deals continue to heat up during the past month's market rally, with average share price premiums of 25%.
Jonathan Golub, Chief U.S. Market Strategist at RBC Capital, believes that the post-Brexit environment is very positive.
"One of my concerns after the Brexit issue was that corporate activity would dry up and that that would really be a damper on the banking sector," Golub said on Bloomberg TV's "Bloomberg GO." "That is absolutely not the case. The market is wide open for deal activity."
The stirring of deal activity in the current market, according to Golub, is an inherent positive indicator. He says that "healthcare as a sector has jumped back into favor," adding that is a part of the market "that had fallen out of favor" for M&A.
Additionally, Golub commented on the current earnings season, calling it a "big makeup" over the previous quarter when "the market had just fallen apart."
"The overall beat of over 6% is a huge beat and we haven't seen a revenue beat this large in a very long time," Gollub added.