Tag Archive: newsletter

Dollar Firm, Markets Unsettled Despite Aggressive Policy Responses Worldwide

2020-03-20

by

2020-03-20

Credit Risk Rising, 2019-2020
Markets remain unsettled even as policymakers worldwide continue to take aggressive emergency measures; the dollar continues to power higher. Fed rolled out another crisis-era program last night; US Senate passed the House virus relief bill by a 90-8 vote. ECB held an emergency call last night and announced an additional bond purchase program to the tune of €750 bln that now includes commercial paper.

Read More »

Government Is No Match for the Coronavirus

2020-03-20

by

2020-03-20

The coronavirus is reminding everyone that you cannot rely on government and that ultimately it is the private sector that will provide the solutions. Many nonmedical government officials and members of the media are predicting massive cases of COVID-19 and death, when in fact no one can predict the outcome.

Read More »

FX Daily, March 19: ECB’s Bazooka Support Bonds but not the Euro

2020-03-19

by

2020-03-19

Overview: It is not just that the dollar soared while stocks and bonds continued to plunge. The dollar's strength is, in effect, a powerful short-covering rally. It was used to fund a great part of the global circuit of capital. The circuit of capital is in reverse now, and the funding currency is being bought back. The dollar's strength is a function of the sell-off of other assets.

Read More »

Kauf von Omega Healthcare Investors – Im Aktien Crash fröhlich Einkaufen ? ?

2020-03-19

by

2020-03-19

Es geht weiter bergab im Depot und am Aktienmarkt. Ich kaufe regelmässig nach, komme was wolle. Ich nutze die Gelegenheit, um Omega Healthcare Investors günstig aufzustocken und habe mir 100 Aktien gekauft. Jetzt besitze ich insgesamt 200 Stück. Hier geht’s übrigens zum letzten Aktien Kauf Swiss Re. Kauf von Omega Healthcare InvestorsIch lasse mich von der Marktlage nicht von meiner Strategie abbringen.

Read More »

112th Annual Report Swiss National Bank 2019

2020-03-19

by

2020-03-19

The 2019 Annual Report of the Swiss National Bank is published on the SNB website

Read More »

Swiss Trade Balance February 2020: decline in foreign trade

2020-03-19

by

2020-03-19

Swiss exports and imports, seasonally adjusted (in bn CHF), February 2020
After their strong increase the previous month, exports plunged 5.0% in February 2020 and thus continue on their negative trend that started in September 2019. Imports weakened by 1.4%. The trade balance closed with a surplus of 2.0 billion francs.

Read More »

USD/CHF Price Analysis: Dollar trading in fresh March’s highs, challenging 0.9750 level

2020-03-19

by

2020-03-19

USD/CHF daily chart
USD/CHF is reversing up sharply from the 2020 lows. The level to beat for bulls is the 0.9750 resistance. USD/CHF is rebounding sharply from 2020 lows while nearing the 100 SMA on the daily chart. The demand for the greenback is dring the currency pair towards the 2020 highs. 

Read More »

The Global Repricing of Assets Can’t Be Stopped

2020-03-19

by

2020-03-19

Student Loans Owned and Securitized, Outstanding 2008-2019
All bubbles pop, period. The financial elites are pushing a narrative that asset prices, sales and profits will all return to January 2020 levels as soon as the Covid-19 pandemic fades. Get real, baby. Nothing is going back to January 2020 levels. Rather than the "V-shaped recovery" expected by Goldman Sachs et al., the crash in asset prices will eventually gather momentum.

Read More »

Financialization: Why the Financial Sector Now Rules the Global Economy

2020-03-19

by

2020-03-19

To read or watch the news in today's world is to be confronted with a wide array of stories about financial organization and financial institutions. News about central banks, interest rates, and debt appear to be everywhere.

Read More »

Enough food for months, government assures

2020-03-18

by

2020-03-18

The Swiss authorities say there are food stocks available to consumers for more than four months to cope with the current coronavirus epidemic. “There is no reason to panic over food,” the government’s delegate for national economic supply, Werner Meier, said in an interview published on Wednesday in various newspapers belonging to the CH Media group.

Read More »

FX Daily, March 18: Bonds Join Equities in the Carnage

2020-03-18

by

2020-03-18

Overview: A new phase of the market turmoil is at hand. Bonds are no longer proving to be the safe haven for investors fleeing stocks. The tremendous fiscal and monetary efforts, with more likely to come, have sparked a dramatic rise in yields. Meanwhile, equities are getting crushed again.

Read More »

SNB-Zinssenkung trotz Virus-Krise wohl kein Thema

2020-03-18

by

2020-03-18

Mit zwei Ausnahmen erwarten die 29 von Reuters befragten Finanzmarktteilnehmer und Analysten, dass die Währungshüter der Schweizerischen Nationalbank (SNB) den Leitzins auf dem seit mehr fünf Jahren geltenden Rekordtief von minus 0,75 Prozent belassen. Auch die Sichteinlagen von Banken bei der Notenbank ab einem gewissen Freibetrag dürften weiterhin mit einer Gebühr von 0,75 Prozent belastet werden.

Read More »

Jim Bianco: “This Is One Of The Biggest Moments Of Truth In Financial Market History”

2020-03-18

by

2020-03-18

To contain the economic and financial ramifications of the coronavirus pandemic, Central Banks are going all in. Jim Bianco, founder and chief strategist of Bianco Research, warns that this time, monetary policy might be unable to stop financial markets from collapsing.

Read More »

Is GFC2 Over?

2020-03-18

by

2020-03-18

TED Spread, 2018-2020
Is it over? That’s the question everyone is asking about both major crises, the answer is more obvious for only the one. As it pertains to the pandemic, no, it is not. Still the early stages. The other crisis, the global dollar run? Not looking like it, either.

Read More »

Money Supply Growth Climbs to 37-Month High

2020-03-18

by

2020-03-18

M2 and TMS/Rothbard-solerno Measure, 1998-2019
The money supply growth rate rose again in February, climbing to a 37-month high. The last time the growth rate was higher was during February of 2017, when the growth rate was 7.9 percent. During February 2020, year-over-year (YOY) growth in the money supply was at 7.49 percent. That's up from January's rate of 6.32 percent, and up from February 2019's rate of 3.20 percent.

Read More »

Don’t Panic – Prepare

2020-03-18

by

2020-03-18

◆ Markets have collapsed around the world as we predicted as the ‘Giant Ponzi Everything Bubble’ meets the massive pin that is the coronavirus’ impact on already vulnerable indebted economies. ◆ Stocks have crashed and bond markets and banks may be next … “bank holidays”, bail-ins and currency resets are likely

Read More »

FX Daily, March 17: Even Turn Around Tuesday is Flat

2020-03-17

by

2020-03-17

Overview:  While the markets are not as disorderly as they have been, the tone is fragile, and the animal spirits have been crushed.  Australian stocks fell more than 10% last week and dropped another 9.7% yesterday before rebounding by almost 6% today to be one of the few Asia Pacific equity markets to rise.  The Nikkei eked out a small gain, but the broader Topix rose 2.6%.

Read More »

USD/CHF recovers but finds resistance at 0.9500

2020-03-17

by

2020-03-17

USD/CHF technical outlook
Swiss franc losses strength versus USD, EUR despite risk aversion. USD/CHF modestly lower for the day after finding resistance at 0.9500. The USD/CHF was trading around 0.9470, modestly lower from the level it closed on Friday. The pair bottomed during the European session at 0.9390, following rate cuts from many central banks. It then rebounded as the DXY turned positive, trimming losses. 

Read More »

Coronavirus: Federal Council declares ‘extraordinary situation’ and introduces more stringent measures

2020-03-17

by

2020-03-17

At an extraordinary meeting today, 16 March 2020, the Federal Council took the decision to introduce more stringent measures to protect the public. It has declared that an ‘extraordinary situation’ now exists in Switzerland in terms of the Epidemics Act. All shops, restaurants, bars and entertainment and leisure facilities will remain closed until 19 April.

Read More »

Swiss government announces further restrictions to slow spread of virus

2020-03-17

by

2020-03-17

At a press conference at 5pm on 16 March 2020, members of the Federal Council presented a list of further restrictions designed to slow the spread of the Covid-19 virus, that will become active from midnight tonight. A video of the conference can be viewed below.

Read More »