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Investors don’t seem to grasp the risks they face this weekend





You would think that after Trump and Brexit, Wall Street would learn.

But no, ahead of the French election analysts at Bank of America say that money managers still haven’t adequately moved out of the way of history, should it choose to move against the market.

One, cautious, multi-billion dollar fund manager warned this correspondent that no one on Wall Street can be in front of the French election.

But here we are:

“Markets are still underpricing the risks, in our view,” analysts at Bank of America wrote in a recent note. “Although sharp moves in EUR risk reversals reflect strong recent demand read more >>>

Source:: BusinessInsider.Com

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