Update: we are still 100% long UPRO (3x leveraged ETF for the S&P 500)
Going into the 2nd round of the French election on Sunday May 7, 2017, we are still 100% long UPRO (3x ETF for the S&P 500).
We switched to 100% cash before the first round of the election (April 23) because there was a real risk that Le Pen would win. (Read that post) But the odds of a Le Pen victory are just too low in the 2nd round. This is not a real political risk.