Amareos

Ryan Shea

Thematic (Sector/Industry)

France & china / Thematic (Sector/Industry)

<h2>Summary</h2><p><em>Macron’s win in the first round of the French presidential election was the baseline scenario for most investors. Despite the lack of a “surprise”, global asset markets rallied smartly on the result illustrating the inadequacy of consensus or median market expectations to understand financial market dynamics. Even though Macron still has to beat Le Pen in the second round vote on May 7, the polls strongly point to his victory – an outcome fully consistent with the post-vote signals from</em>…</p>

SummaryMacron’s win in the first round of the French presidential election was the baseline scenario for most investors. Despite the lack of a “surprise”, global asset markets rallied smartly on the result illustrating the inadequacy of consensus or median market expectations to understand financial market dynamics. Even though Macron still has to beat Le Pen in the second round vote on May 7, the polls strongly point to his victory – an outcome fully consistent with the post-vote signals from…

The Market Sentimentalist: Celebrate With Caution