Funding Panic Imminent? Fed Quietly Sends $3.1 Billion To Switzerland Via Swap Line

Zero Hedge

By Tyler Durden – October 11, 2022

BofA Chief Investment Strategist Michael Hartnett has a favorite markets phrase that may be the only one a trader in this day and age needs: “Markets stop panicking when central banks start panicking.”

Well, in what may be the best news to shellshocked bulls after the worst September and worst Q3 in generations, in a harrowing year for markets, central banks are starting to panic. First it was the BOJ, then the BOE and now, it’s Switzerland’s turn.

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