Trader: Don’t Let Those Darn French People Ruin Your Weekend

Former FX trader Mark Cudmore seems like a really affable guy (bless his heart). Definitely not the “Debbie Downer” type.

He’s variously described himself as a “permabull” which is why, earlier this year, we thought maybe it was time to ring the alarm bells when he got “worried” about US equities in late January.

But as it turned out, “worried” Mark was wrong and “permabull” Mark was right. There was nothing to be concerned about because thanks largely to $1 trillion in global central bank liquidity, this market has proven to be largely teflon.

That “teflon-ed-ness” will be tested on Sunday when French voters go to the polls. Read below as Cudmore explains why this is really nothing you should concern yourself with contrary to what you’ve read from every sell-side desk and pundit on the planet.

Via Bloomberg