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Should You Bet On A French Tony Blair?

May 14th, 2017 · No Comments

  • The French elected a sensible reformer for President, considering the alternatives that is the best outcome for the economy and stocks.
  • Macron was elected on an explicit reform platform, he should have a mandate. But the French have a history of balking at reforms.
  • Reforming the French economy will be a long haul, with considerable risks and banana peels on the way.
  • Much upside is already priced in the stock market, we would wait a little before buying and see for instance what Parliament Macron will face.

Should You Bet On A French Tony Blair?

Tags: France