nz, the SNB dropped the weighting of the franc to the euro, pegged at ~1.20. The franc rose in value and to compensate the leading interest rate benchmark was lowered.
This puts massive pressure on yield stocks (risk assets). It's quite likely that the SSMI will streak ahead at some point. But there should be an increase in unemployment to sour the euphoria. Very volatile times ahead.
Perhaps that's worth a shot. Should the ECB QE (and still a big IF) risk assets in Europe will rise in value very quickly.
In a dream you go long Europe, then on the 22nd the ECB begins a QE program, then the Greek election settles, then there is good news out of the US with profit announcement season well under way........dreamn.
