Sunday, May 07, 2017

"Mystery" Central Bank Buyer Revealed, Goes On Q1 Buying Spree

... the SNB, which likewise creates money out of thin air (then sells it for dollars in an attempt to keep the Swiss franc depressed) is actively resulting in even greater price distortions in the US.

...And while we don't know if Warren Buffett was actively frontrunning the SNB when he more than doubled his AAPL stake in Q1, making him a top 5 holder of the tech giant, a look at the SNB's holdings of AAPL stock which increased from 15 to 18.9 million shares, shows why the Nasdaq - as observed earlier in the day by Goldman Sachs - just refuses to drop hitting daily all time highs.