Is the French bond sell-off a big deal for my portfolio?

[Nate Sterling 37]

Hey guys, I’ve been reading a bit about this French bond sell-off and how those CDS things are hitting 2013 highs, but honestly, I’m a bit lost on how this actually affects the markets. I usually just scalp some tech stocks and try not to get fomo, but this sounds like it might be a bigger deal than just some local news.

Should I be worried about this spilling over into broader markets or is it just noise for now? I’m still pretty new to the macro side of things and I really don't want to get caught holding a bag if everything starts tanking because of Europe. Does anyone know if I should be adjusting my stops or just ignoring this for now? Any advice from the pros here would be much appreciated, ngl I’m feeling a bit out of my depth.

 

[Zakami Ng]

Honestly, I'd keep a close eye on the bond yields before panic selling anything. If you look at the daily, the RSI is showing some serious bearish divergence on the OATs, which usually signals we might be due for a breather soon. That said, if you're levered up, just watch for a clean MACD crossover on the weekly; if that signal flips, the volatility is definitely going to spill over into your equity positions. Don't overthink it, just watch the technicals and don't catch a falling knife.