The market certainly has been drifting down following President Donald Trump missile into Syria and MOAB in Afghanistan and warship exercises off the shore of Korea. Markets do not like the hint of war but I believe:
That's because its one thing to fire missiles and watch from afar. Its another thing to mobilize an army and sent it into enemy territory. Even if you win, the cost of maintenance is detrimental to a country's economy. Think Iraq and Afghanistan and the trillions of dollars it cost Americans.
French Presidential election and legislation is around the corner, so the whole markets will be watching them. Let us take a look at the charts below to know what to expect of the French election. If history is correct, the incumbent party will stay in power and Benoit Hamon will be the next French president.
If you are interested in learning about how stock markets around the world can predict election results do read Stock Market Secret : How stock markets around the world have correctly predicted elections 80% of the time (Must Read).
SPY seasonality chart from Stockcharts.com.
Headlines snapshot taken from DailyMail.com's article. Click on link to read it.
I have done a full article titled How To Use Seasonality Charts To Time The Market which continues the discussion of various asset classes. Click on the link to read it.
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