The Swiss Franc…How Not To Do It

The Swiss National Bank dropped a bombshell on the world this week by “unpegging” its currency to the Euro.

It wasn’t that they unpegged their currency but how they went about communicating it to the world that caused the whiplash.

Whenever a major event like this happens I immediately look to the charts to see how they have digested the news.

So there are two charts I’d like to look at, both will give us insight to the next moves in the S&P500 and currencies.  Click here for my weekend podcast.

Respectfully,

RCPeck-Dig Signature.JPG 

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