Dark Clouds above the Swiss Alps ... and the economy.Quick question:
Which Swiss export sector is the only one that has so far kept its head above water relatively well and did not have to report a decline in sales in the second quarter of 2023?
Write your answer in the comments!
(No cheating please!;)
That the Swiss economy runs like a (Swiss) clockwork was once upon a time.
As predicted in my CADCHF trade idea, dark clouds are gathering over the skies of the alps and also over the Swiss economy.
- Manufacturing PMIs have now fallen to their lowest level (38.5!) since the 2008 financial crisis.
The Swiss economy is thus following its big neighbour to the north -> good old Germany.
-> One of the main reasons for this is the too strong Swiss franc, which is hurting Swiss exporters and even the otherwise so crisis-proof pharma industry.
-> There is exactly one institution that could change this in no time:
Which is still propping up the CHF with billions.
Which is the only G10 central bank that has already managed to push inflation below the 2% mark (as I already predicted in February).
This institution with the 3 letters could weaken the CHF to give the Swiss export economy at least a little breathing space.
Could.
Will it do so?
I am sure we will be smarter by September ;)
Until then, it will rain regular updates here... with the reliability of a Swiss clockwork.
