U.S. Equity Investors Have Eyes on this in France

Join our Larry McDonald on CNBC’s Trading Nation, Wednesday at 3:05pm ET

Pick up our latest note here:

Don’t miss our next trade idea. Get on the Bear Traps Report Today, click here

Its been repeated one thousand times, the words are establishment group therapy in Europe, “Macron seen beating Le Pen in second round 62% vs 38%.”  Have no fear, “populism will not come here” is the mantra, but credit markets are singing a very different tune.

You now get 0.52% more on a two year bond in France than you do in Germany, the most in five years.

Listen to Credit Markets, NOT Establishment Tainted Polling

• First-round support for Francois Fillon was stable at 20% while support for Marine Le Pen dropped by 1 percentage point to 23%
• First-round support for Benoit Hamon gains 1 percentage point to 9%
• Fillon seen beating Le Pen in second round 58% vs 42%

Investment themes for clients, pick up our latest note here:

Don’t miss our next trade idea. Get on the Bear Traps Report Today, click here

What are Equities Saying?

CAC S&P

The CAC 40 is up 27% from the June – Brexit lows, with the S&P 500 only 17% better.

Pick up our latest note here:

Don’t miss our next trade idea. Get on the Bear Traps Report Today, click here

A Surge from the Far Left is NO Establishment Friend

FR ElectionFirst-round support for French presidential election candidate Emmanuel Macron declined by 1 percentage point from yday to 22% while support for Jean-Luc Melenchon remained stable at 17%, according to daily Opinionway poll results published today.

Pick up our latest note here:

Don’t miss our next trade idea. Get on the Bear Traps Report Today, click here
Facebooktwittergoogle_plusredditlinkedintumblrmail

Facebooktwitterrssyoutube

Leave a Reply

Your email address will not be published. Required fields are marked *