
Here’s What To Expect If Things Go “Wrong” In France
Well here we are, one day on following a setback for European populism, and as noted this morning, the "never Geert" rally pushed up both the single currency and regional stocks overnight in a truly impressive fit of optimism (although the equity rally has faded a bit since)...
In light of recent events - and considering OATs quickly gave back gains - we thought a bit of sobriety might be in order.
After all, the French elections haven't happened yet and as such, "Le Pen risk" is hardly off