Doug Casey On The Plague Of Cultural Marxists
Authored by Nick Giambruno via InternationalMan.com,
Nick Giambruno: What exactly are Cultural Marxists, and how are they, and political correctness, contributing to the decline of Western Civilization?
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Europe
A Technical Look At The FX Week Ahead
Submitted by Shant Movsesian (RANSquawk) and Rajan Dhall MSTA
All eyes on Sunday’s French election result, but little evidence of defensive positioning in the EUR. GBP continues to fly the flag, batting off the negative mood over the latest Brexit exchanges. Commodities in focus, but tentative signs of some near term relief. CAD overstretched. US jobs report mixed at best.
What's Next For President Macron
As noted earlier, following Macron's victory the reaction in key FX crosses and pairs has been very subdued, suggesting today's outcome was no surprise to traders at least in terms of technical positioning. Another reason why "the news may be getting sold" is that as Deutsche Bank and various other sellsiders suggested, another near-term hurdle looms in just a few weeks time with the French parliamentary elections.
Hedge Fund CIO: "If There’s One Thing That Worries Me, It’s That I Don’t Know What To Worry About"
Aphoristic as usual, below we share some excerpts from the latest weekly letter to clients by Eric Peters, CIO of One River Asset Management, in which he discusses walls of worry, the real un-risk out of Europe, desperate oil investors, and North Korean geopolitics.
Wall Street Reacts To Macron's Win: "Don't Expect Fireworks"
Emmanuel Macron has won the presidency of France, and markets can heave a sigh of relief. The key question for traders is what comes next.
As Bloomberg's Cameron Crise notes, markets have cheered Macron’s victory not for who he is, but rather because of who he is not. That is a fairly slender thread on which to hang a case for a secular reversal in the euro.