French elections one contributor, the whole French Market (CAC)...

French elections one contributor, the whole French Market (CAC) has been down. Election was announced a week or so ago.

The French have been increasingly voting for the RWNJs in European elections as something of a protest vote but if the results are repeated in the upcoming election Macron will be a lame duck for the rest of his term. That would lead to greater instability.

The RWNJs are great at sowing discontent (migrants, crime, inflation, the "yoof", taxes) but mostly speaking they're fundamentally incompetent and their "solutions" are inevitably worse than the problem.

These were all the arguments for Brexit but the UK is now a complete mess after a decade plus of Tory incompetence. NZ was promised financial stability and instead got an attack on the Māoris. The local RWNJs here were shown to be incompetent in everything Finance/debt, Health, Defence, Trade, Education and the rest but whinge enough about migration long enough and they'll get another go before too long. There are fears France might go down the UK path.

I'm personally still very long URW and enjoyed the recent dividend, haven't seen a reason to sell (yet).