Market Analyst Who Called Trump Victory Sees Le Pen Winning in France
A financial analyst who correctly forecasted the election of President Donald Trump now believes far-right candidate Marine Le Pen will emerge victorious in France.
"Le Pen's momentum is a slow-moving reaction against the men of Davos -- as we have seen with Brexit and Trump -- but markets don’t want to believe it," Charles Gave told Bloomberg News.
Gave, founder of Hong-Kong based GaveKal Research, cautioned investors that the financial markets are underestimating the likelihood of Le Pen winning.
France will hold its first round of elections on Sunday, followed by a runoff between the top two vote-getters on May 7.
On Fox Business Network today, "The Blaze" host Lawrence Jones discussed the prospect of a Le Pen victory, calling her "the Donald Trump of France."
He said there have been 22 attacks in France since Jan. 2015, yet French leaders have not moved away from the country's "open border" policies.
Watch the segment above.