Have we been in a bear market for a long time, but just haven’t realised it properly yet? If you look at the global stock market (MSCI World), then that’s actually already the case. There is a downward trend. But the S&P 500 is also basically where it was at the beginning of 2018. In fact, it is stagnating – even when it recently reached its all-time high. Defensive sectors were the main ones to reach new highs. At present, geopolitical uncertainties continue to rise (Hong Kong, Argentina, etc.) and the risks of a recession are on the rise. European banks, in particular, are currently causing unrest as they continue to lose market capitalisation (Commrzbank yesterday with a new all-time low).
Even if the Dax shrugged yesterday – after 13,078 points on Friday night, it´s now a minimal loss with 13,052 points, and a tired sideways price in the chart. Here is the Dax curve shown […]
About the futile waiting of the markets for Godot – and the consequences if Godot doesn’t come… Yesterday, Wall Street’s stock markets once again reached new all-time highs, with the S&P 500’s market breadth surpassing […]