There’s no sugarcoating it – this was a bad week for European stocks.
Here’s the Euro Stoxx 50, the DAX, the CAC, and the FTSE:
Simply put: nothing was spared.
Let’s zoom in on the CAC 40 for a second, because this is notable. The three-day slide we got this week served to erase the entirety of the “Macron bump.”
As Bloomberg noted earlier this morning, “the CAC 40 had gained as much as 7.6% in few weeks following Macron’s victory [but] the index is now back to April 21 levels.” Have a look:
Oh, and as for that Barron’s subscription you’ve been forgetting to cancel for the past decade, time to call them up and discontinue…
“Nailed it”….
His polls suck too now.
French TOAST …… lol