Not So Magnificent.
The German federal elections on Sunday panned out mostly as expected and hoped for by financial markets with political stability still within reach after some negotiation in the coming weeks, avoiding a nasty surprise that would have hurt global stock prices.
Wall Street briefly rebounded at the open on Monday morning after a difficult prior week, but doubts about the economy soon set in again, the BTFD crowd quickly went on strike and the S&P 500 slid below 6000 to finish in the red once more. The sell-off was led by Big Tech/AI names. Interest rates continued to slide to their lowest levels…
The skinny
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