Swiss National Bank Now Owns Record $94 Billion In US Stocks After Q3 Buying Spree

By Tyler Durden

In the third quarter of 2019, one in which the global economy continued to cycle lower, global central banks across the world continued to slash interest rates and launched/expanded quantitative easing programs with very little success at troughing global growth. Still, US equity indices powered to new highs, climbing a wall of worry of President Trump’s “trade optimism” tweets.

It seemed quite evident over the quarter that President Trump’s tweeting of constant fake trade news and record stock buybacks juiced the market to new highs; however, what was really taking place was the Swiss National Bank (SNB) printing money out of thin air buying stocks with no regard for price or cost. 

SNB’s motive was to boost market confidence that a 2016-style rebound in the economy was imminent by sending stock indexes to new highs.

The SNB’s latest 13F showed total holdings of US stocks have hit a record high, now valued at $94.1 billion, up 1.5% in 3Q.

Some notable observations: in the third quarter, after the SNB printed money out of thin air, it then added 1.28 million shares of BABA, 970K shares of FIS, 628K of JD, 537K of JNPR, 472K of GPN, and 257K of MSFT.

See: 177 Different Ways to Generate Extra Income

Other notable observations: it sold 1.85 million shares of FDC, -301K shares of ORCL, -229K shares of CSCO, and -188K shares of AAPL. 

Top holdings continue to be AAPL (3.63% of total portfolio), MSFT (3.58% of total portfolio), AMZN (2.55% of total portfolio), FB (1.50% of total portfolio), and GOOG (1.34% of total portfolio).

SNB’s asset allocation over the last six years has been heavyweight technology, healthcare, and consumer discretionary stocks.

SNB printing money out of thin air and buying a handful of stocks that push the broader equity market to new highs, has created an illusion that President Trump’s “trade optimism” could lead to a global economic recovery. And when a global recovery doesn’t come — the trade war will be blamed.


This article was sourced from ZeroHedge.com

Subscribe to Activist Post for truth, peace, and freedom news. Follow us on SoMee, Flote, Minds, Twitter, and Steemit. Become an Activist Post Patron for as little as $1 per month at Patreon.

Provide, Protect and Profit from what’s coming! Get a free issue of Counter Markets today.

Visit the USSA News store!
Click this link for the original source of this article.
Author: Activist Post


This content is courtesy of, and owned and copyrighted by, https://www.activistpost.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the USSANews.com administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit https://www.activistpost.com for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.

https://beyondlimitsvacation.com USSANews.com