The Cuckoo Sings

Swiss Market Enters Bull Market (Swing Up From a Low >20%)

While subject to interpretation, market participants widely acknowledge that fluctuations exceeding +20% or -20% signify the onset of bull and bear markets, respectively. Such movements, though somewhat arbitrary in nature, often serve as self-fulfilling prophecies due to their recognized significance. They denote thresholds at which investors are prompted to reassess their risk appetites significantly.

Notably, the Swiss Market Index experienced such a 20% upswing yesterday, marking the inception of a new bull market phase. Historically, similar upswings have held notable statistical significance not only for Swiss equities but also for broader European markets, including German equities represented by the DAX. Furthermore, these occurrences typically coincide with positive movements for the Swiss Franc, reflected in a lower USDCHF exchange rate."