While some were worried about an "unexpected outcome" from yesterday's Dutch general election, in the end the country's center-right Prime Minister Mark Rutte managed to fight off the challenge of anti-Islam, anti-EU rival Geert Wilders to score an election victory that was hailed across Europe on Thursday by governments facing a rising wave of nationalism.
It is fitting that just a few hours until the Fed's second rate hike in two quarters, and one day after Goldman downgraded global stocks to Neutral for the next 3 months, not to mention with the results of the anticipated Dutch election due shortly, that global stocks as well as S&P futures are higher, while crude oil has finally managed to stage a rebound as the Dollar DXY index is fractionally in the red.
Authored by Matt Purple via The Strategic Culture Foundation,
Polls missed the last two nationalist tremors; they may miss a third
Think of François Fillon as a more polished and experienced Ted Cruz. He might have been president of France until everything came crashing down.
Marine Le Pen blasted a French reporter on Tuesday, accusing the mainstream media in Europe of peddling “fake news.” The outspoken politician accused liberal media in France and across Europe of spreading globalist propaganda when asked by the reporter if she thought the internet was a bad place for audiences to get their information. The reporter told Le Pen that she thought the internet was riddled with fake news, ‘conspiracy theories’, and alternative news websites. This prompted Le Pen to blast the reporter for her hypocrisy.
Authored by Michael Lebowitz via RealInvestmentAdvice.com,
On the night of the U.S. Presidential election, many investment assets went from a state of sheer panic at the prospect of Donald Trump winning the election, to manic euphoria as the glorious narrative of Reagan-esque economic revival was born with Trump’s victory. Euphoric markets are not generally built on durable substance, and they eventually reconcile with reality as investors come to their senses.