iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,726 Blog Posts

Markets Don’t Care About the French Elections

When the populist wave swept over America last year, bringing with it Italy, Great Britain, France, and others, markets soured at the specter of it all. Judging by the rhetoric of what the candidates had been saying, major anti globalist change was coming — which posed a significant threat to the status quo.

Well, post Italian referendum, post BREXIT, and post Trump, nothing has changed by the shuffling of chairs on the deck of the Titanic.

If elected, will Le Pen remove France from the EU, causing the ECB and its QE to collapse? Judging by French bonds and stocks, investors don’t think so.

Some argue that the French elections, scheduled to begin on 4/23 thru 5/7, are the most important elections in Europe in decades. They represent more than just candidates, but ideologies.

Will the French people reject globalism, the pro immigration EU, and market rigging ECB, or opt for nationalism?

None of the downside is being priced into stocks. I think investors have become cold and distant from these events, a catharsis beset upon them by the numerous so called ‘market ending’ events that never happened. After BREXIT and Trump win, doom and gloomers have been reduced to boys who cry wolf.

The truth is, the wolf is really at the door now, yet no one seems to care — myself included.

If you enjoy the content at iBankCoin, please follow us on Twitter

15 comments

  1. roundwego

    Fear will rise as le pen will win the most votes.

    • 0
    • 0
    • 1 Deem this to be "Fake News"
  2. metalleg

    What market do you speak of? Oh that! Yeah that market died several years ago.

    I believe a nuclear bomb could detonate in the middle of Times Square and the market will drop for a day or two and then head higher.

    As long as the HFT machines don’t get damaged, the “market” will ignore all bad news.

    • 2
    • 1
    • 1 Deem this to be "Fake News"
  3. roundwego

    When everyone is convinced cb”s have absolute control that’s when they exit the game. When market is set for perfection. You know how that goes fly.

    • 0
    • 0
    • 2 Deem this to be "Fake News"
  4. roundwego

    The dome of death.

    http://finviz.com/futures_charts.ashx?t=6E&p=m1

    • 0
    • 0
    • 2 Deem this to be "Fake News"
  5. boyaj

    I’m still confounded as to how any Euro based country prices their sovereign bonds. For example, what’s the implication for French bonds that have their own sovereign yields (as compared to Germany, Italy, Spain, etc.) yet all of those countries are on the Euro? Can someone explain this relationship? This is where I think major divergences can occur if France leaves. The Brits were always on the pound.

    • 1
    • 0
    • 0 Deem this to be "Fake News"
  6. sarcrilege

    Markets don’t care about the French elections for good reasons. At the end of the day, the establishment does not care if the French people reject globalism, the pro immigration EU, and market rigging ECB, or opt for nationalism. Elections is all about optics; to fool the electorate into thinking they have any say in their lives whatsoever. Case in point…Trump. If elections and voting made any difference, it would be illegal.

    • 3
    • 0
    • 0 Deem this to be "Fake News"
    • vandamme

      This. And yet Fly prattles on daily as if he’s any different from CNN et al. It’s all the same “game”, all the same actors. And the beat goes on…

      • 1
      • 0
      • 0 Deem this to be "Fake News"
  7. nico g

    both le Pen and Fillon declared war on radical islam this goes a much longer way than Trump campaign bubble blah

    Trump never declared war on anything but pussy

    • 0
    • 0
    • 1 Deem this to be "Fake News"
  8. mushroomz

    Google Macron’s wife. She is 24 years older than him.

    Good chance it will be Macron vs Le Pen in the runoff.

    • 0
    • 1
    • 0 Deem this to be "Fake News"
  9. roundwego

    oil is dead

    • 0
    • 2
    • 0 Deem this to be "Fake News"
  10. ironbird

    French “men” need to burn their bras. What the hell is going on in smelling like a schizo bag lady land. Viva some cock and balls fags.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. joshua

    Heard from a French guy that he has to drive 2 hours out of town to cast a paper ballot. Some sort of hacking issue compromised their ability to cast a vote. Strange how these types of things keep happening. It’s almost as if someone wants chaos…. maybe to get a weaker candidate elected to destabilize the world. I’ve got my tinfoil hat on.

    • 0
    • 0
    • 0 Deem this to be "Fake News"