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Is Macron The EU's Last Best Hope?

Is Macron The EU's Last Best Hope?

Authored by Patrick Buchanan via Buchanan.org,

For the French establishment, Sunday’s presidential election came close to a near-death experience. As the Duke of Wellington said of Waterloo, it was a “damn near-run thing.”

Neither candidate of the two major parties that have ruled France since Charles De Gaulle even made it into the runoff, an astonishing repudiation of France’s national elite.

Marine Le Pen of the National Front ran second with 21.5 percent of the vote. Emmanuel Macron of the new party En Marche! won 23.8 percent.

World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

After yesterday's violent gap up in stocks across the globe in response to the "expected" outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as high as 1.09 this morning before fading some gains; oil is up modestly.

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