SNB total sight deposits w.e. 8 September CHF468.9 bn vs CHF 467.6 bn prior

• Domestic sight deposits CHF 459.5 bn vs CHF 458.0 bn prior

Remember the days when we talked about armageddon if both the SNB and BOJ were to tighten policy? Well, here we are on a day when the SNB raising rates in the last one year is considered normal and the BOJ inciting rate hike fears, yet there is anything but armageddon in markets – especially stocks.