Core Viewpoint - The risk of a government collapse in France has been absorbed by the market, which does not undermine the strong performance of European stocks relative to U.S. stocks over the past two decades [1] Group 1: Market Sentiment - Top strategists from Wall Street indicate that the political crisis in France is already factored into market expectations, suggesting a resilient outlook for European equities [1] - Citigroup strategist Beata Mancy notes that while it is easy to call for a "sell-off in Europe" due to political crises, the fundamentals have already accounted for pessimistic scenarios [1] Group 2: Economic Impact - Goldman Sachs strategist Sharon Bell states that the current political crisis in Paris is not expected to impact growth, as it falls within the range of market expectations [1] - The long-term profit outlook for Europe has improved, which has contributed to the resilience of the stock market despite increased tariffs from the U.S. [1]