Underwhemling Response to French Election Results
It was probably too much to ask for an election result which is closer to maintaining the 'old' status quo than spark anything radical. However, it does offer continuity for markets which should prove favorable down the road. While there was little reaction to the result, markets continue to maintain their bullish stance. The S&P is above its trading range and holding its breakout with a narrow doji. Volume remained light in line with Friday's.