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Weekly COT Report: Bulls Have All but Abandoned the Swiss Franc
The long / short ratio of bulls to bears on the Swiss franc hit a record low last week, which suggests we may be approaching a sentiment extreme for bearish positioning.
Politics and stocks, an uneasy relationship
Global stock markets have had one key driver over the last 7-months: politics. The election of Donald Trump last November led to one of the quickest thousand point rallies in a US stock index for 80 years. The political effect has spread to Europe, with the election of Emmanuel Macron in France and Mark Rutte in Holland helping European stocks to play catch up. But, are we seeing the downside of political drivers, and could risk assets be in for a rough time in the future?
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