It is like holding a risk-free of default US equity market fund denominated in CHF with a total return of 0.3%. It's an interesting business: print money and buy stocks. As at 31 December 2020, the key asset allocation data for the foreign exchange reserves and the Swiss franc bond investment portfolio were as follows: USD 36%, EUR 40%, JPY 8%, GBP 6%. Their last...
At long last, one of our most important Canaries in the Coal Mine - the Swiss National Bank - has exited a lengthy consolidation pattern to the downside. Frankly, we are surprised it lasted this long given its exposure to long US mega-cap. Whatever is going on in there, it needs to take out 5400 on the upside to nullify today's short signal using the simple...
The Swiss National Bank is presenting a very interesting chart. After a long period of 5 Waves up, it has entered into a correction phase. We had the first move down (a) we most probably saw the reaction (b) and a new move down (maybe a sharp one) will follow (c). This for me is a nice Short candidate. Note: Maybe some investors do not know it, but SNB has a...
Makes you wonder... $BTCUSD