Europe (and most specifically the Euro) faces a potential ‘Perfect Storm’ over the next 3 months, according to Goldman's Adam Crook.
Rising political risk-premium in to, and beyond, French Assembly Elections;
and a pivot in market-focus towards US Presidential Elections, post first Presidential debate next week + Party Conventions in August.Crook reminds clients that three of the four outcomes (Trump + unified or divided Govt, Biden + unified Govt), his colleague Dom Wilson is calling for a substantially stronger USD.
