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How to Protect Your Investments With Portfolio Insurance (Part 2)

Daily Recap

Results from the French presidential elections over the weekend, in which centrist Emmanuel Macron and far-right Marine Le Pen came out on top, lit a fire under global equity markets, causing rallies around the world.

 

France's CAC 40 gained an impressive 4.14%, while the Stoxx Europe 600 rose 2.11%. The Europe Dow rose an incredible 4.71%. Gains weren't limited to Europe either, with all of Asia (except China) gaining as well. The Asia Dow climbed 0.65% and this, combined with gains elsewhere, caused the Global Dow to rise 2.08%.

 

Here in the US the story was much the same, with all major averages heading higher right out of the gate. The Industrials added 216 points to 20,765 (a 1.05% rise). The Transports did better, up 1.63% while the Nasdaq gained 1.24% and the S&P 500 climbed 1.08%. All around quite a good day for anyone long equities.

 

Treasuries sold off as investors moved into ... Log in or subscribe to continue reading.


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