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 proverb not suitable for retail investors which is used by institutional investors is “never follow a bank forecast.” Also, one can view the Dax forecasts of banks in recent years as a good counter-indicator, […]
The sentiment of the Dax investors has become significantly gloomier and is now at its lowest level of the still young year, as the latest survey by Deutsche Börse shows. It is above all those […]