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 stock markets always find reasons for optimism. Sometimes it is the hope for a vaccine, sometimes the hope for further loosening of the lockdown. Then it is stimulus hopes (central banks and states) and […]
Wall Street is going through a kind of reality shock today! The ISM Index Industry from the USA collapses. Now also in the USA in the manufacturing sector recession! And this is a big problem […]