FAR RIGHT SURGES IN EUROPE, ADDING TO GEOPOLITICAL RISK
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Added Geopolitical Risk
Please click here for a chart of France ETF (EWQ).
Note the following:
- The chart shows French stocks made a lower high.
- The chart shows French stocks are making a topping formation. This is a negative.
- Investors already face significant geopolitical risks emanating from Ukraine, Taiwan, Korea, and the Middle East. Now there is an additional risk – far right parties may win a record number of seats in the European Parliament.
- According to the exit polls, far right parties will win 150 of 720 seats.
June 10, 2024