Is the Dax reaching its all-time high today? Rising above the 13600 point mark? Before the stock exchange opened, the leading German index was already within sight of its old high. The major US indices yesterday all reached new all-time highs. The parameters, especially on the US market, are currently reminiscent of the dotcom bubble: US companies have never been as expensive in relation to their sales as they are today! Nevertheless, the rally of the US markets is likely to continue in the short term. The round mark of 3300 points in the S&P 500 is already attracting magical attention. In any case, the Dax is almost cheap compared to the US indices. The focus today is on US employment data. Expectations are high after Wednesday’s surprisingly strong ADP employment data.
The last few trading days have brought the Dax a small, hardly noticeable correction. With this performance, the leading German index was able to partly follow our latest forecast. This is because the correction we […]
Jochen Stanzl is currently commenting on the market launch. His headline statement is “The ECB has NOT disappointed the DAX! He explains in the following video how this is meant. He also discusses the chart […]