Positive tailwind: Macron at an election campaign event in Arras, France on Wednesday. Either a centrist or far right populist will win the French presidential election. And with that outcome, the fears and uncertainty drop – which is a positive tailwind for stocks. – Bloomberg
IN 2016, there was much lingering uncertainty about who would win the US presidential elections and the Brexit referendum.
This caused markets to fret and stall for the weeks preceeding the event. Then Donald Trump became the US President and Brexit happened.
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