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  • May 8th is in the book on Wall Street,

  • as traders in the US had their first opportunity to react to the victory of Emmanuel Macron in the French Presidential Election.

  • Stock markets were muted through the day,

  • closing in line with where they opened.

  • The CBO is VIX index known as Wall Street's fear guage dropped to a 24-year low.

  • And it's said it's indicative of a market that the already priced in the result of the election into risk assets.

  • And so investors furthur calmed by the eventual result.

  • April's share rose to a fresh high after Warren Buffet's Berkshire Hathaway announcing increase stake in the company on Friday.

  • And Drexel Hamilton raised its price full cast for the stock today.

  • In bond market, the 10-year treasury yield which moves inversely its price,

  • rose to its highest levels at the end of March.

  • Its expectation of the federal reserve raised interest rates in June,

  • and now fully priced into the market.

  • The dollar rose and oil is stablised and that's the New York Minute.

May 8th is in the book on Wall Street,

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