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WTF Chart Check: Don’t Forget About France

Lest it should slip your mind that for every "success" Trump has, the odds of a French electoral "accident" increase, consider once again the disconnect between asset prices and policy uncertainty in Paris as illustrated here by HY spreads versus the EPU...

Between the market reaction to incessant Fedspeak…

hike

…and the Tiny Tim-ish Christmas miracle we all experienced on Tuesday night when Donald Trump proved he could read off a teleprompter…

… it’s easy to forget that France is on the verge of descending into nationalist hell. 

So lest it should slip your mind that for every “success” Trump has, the odds of a French electoral “accident” increase, consider once again the disconnect between asset prices and policy uncertainty in Paris as illustrated here by HY spreads versus the EPU:

epu

(BofAML with Heisenberg’s big red additions)

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1 comment on “WTF Chart Check: Don’t Forget About France

  1. Curt Tyner

    Hello, reality calling. “Anybody there”.

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