Here Is What Italy's Referendum Means for Global Stock Markets

A "no" vote in Sunday's referendum in Italy would be a clear sign of the populism sentiment brewing across Europe. Nick Colas, chief market analyst at Convergex, said that kind of sentiment isn't the best outcome for the stock market. Citizens are voting over whether to amend Italy's constitution to give the government more power. The Italian Prime Minister is expected to resign if a "no vote" wins. Populism and anti-establishment sentiment has been growing in Europe, as illustrated in the UK's vote back in June to withdraw from the European Union. TheStreet's Scott Gamm reports from Wall Street.