After being badly burnt by surprise Populist Movement election outcomes of Brexit and Donald Trump, and with another populist victor in the Italian constitutional election in mind, European markets are wary ahead of the April 23 French election. The result could have meaningful consequences for the European Union and the unified euro currency, and thus economic stability. A February 10 Bank of America Merrill Lynch report considers the election that is a short two months away, attempts to handicap the outcome as well as engaging in the one activity risk managers know for certain: they recommend hedges just in case….
BAML Says Use Bank SWAPS To Hedge Populist Movement In EU
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.