Aug. 27 at 2:21 PM
$EWQ $SPY $MACRO AP Research:
“France is back in crisis mode. Bayrou’s €44bn austerity gamble faces near-certain defeat on Sep 8, with polls favouring fresh elections. OAT-Bund spreads widening, CDS breaking higher. Déjà vu from 2024, only this time, the risk of an IMF-style bailout is on the table.”