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Don’t miss our next trade idea. Get on the Bear Traps Report Today, click hereIts 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%
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Don’t miss our next trade idea. Get on the Bear Traps Report Today, click hereWhat are Equities Saying?
The CAC 40 is up 27% from the June – Brexit lows, with the S&P 500 only 17% better.
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Don’t miss our next trade idea. Get on the Bear Traps Report Today, click hereA Surge from the Far Left is NO Establishment Friend
First-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.
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