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 so on. The series could be continued almost endlessly. But how much do these market hopes have to do with economic reality? Not very much! But investors still buy because they think the central banks are on their side. That’s why, to a certain extent, they use every pretext, no matter how absurd, for further long positions. As a result, the stock markets are already clearly overbought. Today it is once again the hope for a vaccine that will drive the Asian markets and thus also the Dax.
Economy and stock markets at the end of 2019 It is not only from Germany that recent signals of a stabilisation of the economy have come: consumer barometer, ifo index, labour market development. These are […]
The hope for a deal between the USA and China is disappearing more and more. It has already been priced in so often. Beijing made it clear at the weekend that the talks would only […]
The Governor of Texas has announced that plans to further open up the economy will be halted in view of the rising numbers of corona-infected people in the US federal state: Stock markets have fallen… […]