Relief over a centrist win in France quickly shifted to concerns about China's economy on Monday morning. Don Rismiller of Strategas Research Partners writes in his weekly economics summary:
Peter Boockvar of The Lindsey Group adds Monday:
Markets in the U.S. were turning risk-on Monday morning. The yield on the 10-year Treasury note was down at 2.34% and stock futures were pointing to a lower open.
Other worries: Despite the outcome of the French election, now investors need to worry that Emmanuel Macron won't get as many seats in Parliament in a June election to shape his government. Plus, the House passage of a much-maligned health care bill, which was supposed to pave the way for pro-business tax cuts later this year, seems likely to get bogged down as the Senate is writing its own bill. Then there is lower oil and commodities.
Stay tuned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
