What Global Market Perspective Subscribers Saw Before Calls for Keir Starmer’s Resignation Intensified
Markets don’t respond to politics. Politics responds to markets.
At Elliott Wave International, we’ve long observed that shifts in social mood are reflected in financial markets long before they become obvious in elections, approval ratings or political headlines.
The June 2026 issue of Global Market Perspective offered another example.
While most commentators were focused on opinion polls and political infighting, we focused on something else entirely:
The bond market.
Our analysis noted that the U.K. Gilt Index had entered what Elliott wave analysis identified as a fifth-wave decline—continuing the same pattern that accompanied the dramatic collapse of Liz Truss’ government in 2022.
At the time we showed this chart and wrote:
June 5, 2026:
“He has since vowed to carry on, but
the bond market says his days in office are numbered.“
The comparison wasn’t made lightly.
When gilt prices collapsed during Liz Truss’ brief tenure, confidence in her government evaporated almost overnight. Our analysts observed that the same wave structure was now unfolding under Prime Minister Keir Starmer.
What Happened Next?
Within weeks of our analysis, Keir Starmer announced his resignation as Prime Minister on June 22 after mounting pressure from Cabinet ministers and Labour MPs made his position untenable.
The important takeaway isn’t the political drama—it’s what came before it.
Our analysis wasn’t based on rumors, opinion polls or insider speculation. It was based on what the bond market was already signaling—giving subscribers the opportunity to watch the larger trend unfold instead of reacting after it became headline news.
What opportunities—and risks—are our analysts identifying today?
Brian Whitmer European Market Strategist
Brian Whitmer was a civil engineer in another life, so he’s got a good sense of how things are constructed. Applying that skill set, he deconstructs today’s sundry financial vehicles, like CDOs, meme stocks, subprime mortgages, SPACs, et al, and contextualizes them for his subscribers in the European stock section of Global Market Perspective. He’s also got a bit of wanderlust and is currently traveling around the world for a first-hand, boots-on-the-ground feel for what’s really going on.
