QQQ - More European Political Fireworks Are Coming

2024-06-25 01:40:00 ET

Summary

• I am beginning to wonder what will happen in a German federal election, due no later than October 2025, if the AfD continues to rise.
• The German DAX and the French CAC 40 stock market indexes were closely correlated before investors got wind of the political winds of change in France, when the indexes began to notably diverge in May.
• It looks increasingly likely that U.S. Treasury yields have topped out in this cycle.

The AfD came in second in the European parliamentary elections, slightly ahead of Chancellor Olaf Scholz’s Social Democrats. That should give many people pause, as AfD is on the rise. I am beginning to wonder what will happen in a German federal election, due no later than October 2025, if the AfD continues to rise....

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