Global Stock Rally After French Presidential Election Is Fizzling

Analysts tell Marketwatch that a 'buy the rumor, sell the fact' is the reason global market rallies are fizzling after the French President election. The favorite, Emmanual Macron, won in a landslide. Investors like the promises he made during the campaign to reform but not dismantle the European Union. Comcast (CMCSA) - Get Report and Charter Communications (CHTR) - Get Report are expected to announce a wireless partnership today. Reuters says the partnership is aimed at cutting the significant costs of entering the wireless market, as well s speeding up entry. The deal will bar either company from entering into a material transaction for a year without the other's consent. Sinclair Broadcasting (SBGI) - Get Report is said to be near a deal to buy Tribune Media (TRCO) - Get Report . Several reports over the weekend say a buyout could be announced this week at $45 a share. Sinclair and Tribune both own local TV stations all over the country. A deal would need regulatory approval.