With only three trading days to go before the end of 2023, global safe-haven assets rose collectively on Wednesday without obvious news, including **, US Treasuries, Swiss francs, etc. At the same time, the dollar fell sharply.
USD/CHF fell as much as 15% to 08409, breaking through the high in July this year and hitting a new high since January 2015. It is worth mentioning that on January 15, 2015, the Swiss National Bank suddenly announced the cancellation of the Swiss franc to the euro exchange rate of 1The 20:1 cap led to a more than 15% appreciation of the Swiss franc against the euro on the day, as well as a sharp increase in global financial markets**.
U.S. Treasury yields across maturities generally fell sharply during the day, 5-year to 30-year Treasury yields** of at least 10 basis points.
Rose. COMEX closed up 1 in February13% at 2093$10 oz.
The dollar tumbled, hitting its lowest level since July.
Although the U.S. stock market as a whole has not suffered a sell-offHowever, some of the seven sisters of the U.S. stock market have declined. The seven sisters of the U.S. stock market include: Apple, Microsoft, Google's parent company Alphabet, Amazon, Nvidia, Tesla and Meta, they are the strongest promoters of U.S. stocks this year.
According to the analysis, this looks like a massive reallocation of capital, with funds withdrawing from the dollar and the Seven Sisters of U.S. stocks and moving towards safe-haven assets. Financial blogger Zerohedge commented that some people expect or worry that something big will happen.
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