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The traffic light coalition in Germany suffers a historic rout in the European elections.
German Chancellor Scholz’s SPD crashed to 14%, their worst-ever result, falling to 3rd place behind the far-right AfD, exit polls show. The other 2 parties in Scholz’s ruling alliance – the Greens and the FDP – got 12% and 5% respectively. Source: Bloomberg, HolgerZ
World's largest companies by market cap & the most valued companies
Source: Reza Zahiri
FRANCE | *MACRON'S GROUP THRASHED BY FAR-RIGHT LE PEN'S PARTY IN EU VOTE - BBG
*MACRON GROUP HAS 15%-16%, LE PEN'S HAS 32%-33%: POLLSTERS Source: Bloomberg, Le Figaro, C.Barraud
A staggering percentage of US equity funds are underperforming the S&P 1500.
The longer the time period the higher the percentage of underperformers. Source: Charlie Bilello
IMF warns the U.S. needs to reduce its debt burden or else....
Source: FT, Barchart
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