Charts that frighten me image
I thought it could be helpful to break out some specific charts which frighten me. Everyone seems to be high on the markets but there are cracks if you look in the right places. The SNB owns about $80 billion in US stocks today (June, 2017) and a guesstimated $20 billion or so in European stocks (this guess comes from my friend Grant Williams, so I will go with it). They have bought roughly $17 billion worth of US stocks so far this year. And they have no formula; they are just trying to manage their currency. Switzerland is now the eighth-largest public holder of US stocks. And apparently they are concentrating on the largest of the large-cap stocks. The own 19 ...
Continue Reading