The EU Is Spending Billions on Hydrogen-Ready, But Where’s the Hydrogen?
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I'm all in favor of hydrogen-powered plants to produce electricity if only
we had cheap hydrogen. But we don't and likely won't.
2022-01-05
Short the Swiss
In the Yen, Euro and Franc Signaling Market Shift post, I looked at the Swiss franc breaking out versus the euro. A chart of the iShares MSCI Switzerland ETF (EWL) looks much different, a wedge pattern waiting to break. The wildcard for Switzerland is the SNB buying up stocks like Apple. I haven't calculated how much a 40-50 percent haircut on their stock holdings would impact the central bank's balance sheet, but maybe that is a number that will go viral soon.
Labels:
Charts,
EWL,
Switzerland
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