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).
The euro is currently falling sharply against the US dollar from 1.1232 to 1.1207. The reason for this is recent news that the ECB is allegedly considering revising its inflation target (previously “2% or close […]
It took a long time, but now the Dax has started after the great decay! So, after a long wait, the index has been celebrating the Wall Street party – the US tax reform is […]