Finding Value in European Banks
Feb. 5 (Bloomberg) -- Fusion IQ CEO and Director of Research Barry Ritholtz discusses where to find value in European stocks. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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Brexit: Why You'd be 'Nutty' Not to Follow Swiss franc
31:17 - Watch the Swiss franc if you want to gauge the risk of Britain leaving the European Union. That’s the recommendation of David Bloom, head of global currency strategy at HSBC Holdings Plc, Britain’s largest bank, even though “that might sound a bit nutty.” The franc, traditionally sought by investors in times of market stress, may rally if the U.K. votes to quit the bloc. While the Swiss National Bank has repeatedly threatened to intervene to stem an ascending franc, a jump fueled by Brexit might be tough to contain, he said on "On the Move" with Guy Johnson and Matt Miller. The franc has weakened 2.7 percent versus sterling in the past month.