In the third quarter of 2018, the hedge fund known as the Swiss National Bank did something it had not done in years: it sold stocks. As we showed in November, the overall value of the SNB's US listed long holdings rose by over $2 billion to $90 billion, but all of this was due to the price appreciation as the central bank sold around $7bn of equities in Q3. This compares to purchases during 1H18 of around $6bn.
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Tag Archive: SNB US Stock Holdings
The Swiss National Bank Now Owns $87.5 Billion In US Stocks After Q2 Tech Buying Spree
In the second quarter of 2018, one in which the global economy was shaken by the rapid escalation of Trump's trade war, and in which central banks were one after another hinting at their own QE tapering and rate hiking intentions to follow in the Fed's footsteps, what was really taking place was another central bank buying spree meant to boost confidence that things are now back to normal, using "money" that was freshly printed out of thin air, and...
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In Unprecedented Intervention, Swiss Central Bank Bails Out Firm That Prints Swiss Banknotes
In the most ironic story of the day, the company that makes the paper that Swiss banknotes are printed on was just bailed out by the money-printing, stock-purchasing, plunge-protecting, savior-of-global equities…Swiss National Bank. While The SNB has a long and checkered history of buying shares in companies… as we have detailed numerous times.
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Fed’s Asset Bubbles Now At The Mercy Of The Rest Of The World’s Central Bankers
"Like watching paint dry," is how The Fed describes the beginning of the end of its experiment with massively inflating its balance sheet to save the world. As former fund manager Richard Breslow notes, however, Yellen's decision today means the risk-suppression boot is on the other foot (or feet) of The SNB, The ECB, and The BoJ; as he writes, "have no fear, The SNB knows what it's doing."
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“Mystery” Central Bank Buyer Revealed: SNB Now Owns A Record $84 Billion In US Stocks
In the second quarter of the year, one in which unlike in Q1 fund flows showed a persistent and perplexing outflow from US stocks and into European and Emerging Markets, a trading desk rumor emerged that even as institutional traders dumped stocks and retail investors piled into ETFs, a "mystery" central bank was quietly bidding up risk assets by aggressively buying stocks.
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A Problem Emerges: Central Banks Injected A Record $1 Trillion In 2017… It’s Not Enough
Two weeks ago Bank of America caused a stir when it calculated that central banks (mostly the ECB & BoJ) have bought $1 trillion of financial assets just in the first four months of 2017, which amounts to $3.6 trillion annualized, "the largest CB buying on record."
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“Mystery” Buyer Revealed: Swiss National Bank’s US Stock Holdings Rose 50 percent In First Half, To Record $62BN
In a month, quarter and year, in which many have scratched their heads trying to answer just who is buying stocks, as both retail and smart money investors have been aggressively selling, yesterday we got the answer.
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