So now it has happened: the US House of Representatives has “impeached” Donald Trump. But the stock markets remain calm and hardly react. All US Republicans voted unanimously against the impeachment, so the required two-thirds majority in the US Senate is extremely unlikely. So Trump remains in office, but the US Democrats are trying to drag out the proceedings in the hope that Trump’s image will suffer. Otherwise, there is little market-moving news. The stock markets are at extreme levels, both in terms of valuation and investor sentiment. Tomorrow the big expiration date. Is the rally dragging into the new year in this way? The S&P 500 has not yet been able to reach the psychologically important mark of 3200 points.
In our last analysis, we had shown a maximum target for the Dow Jones at 29,638 points (1.62 retracement) on the chart, and also described it as an option. The development in the meantime has […]
The Trump-Ukraine affair with the publication of the whistleblower report and the hearing of the US secret service director Maguire is again in the focus of the markets today. The evaluation of the situation is […]
The gold price is weakening and, as already described yesterday, tends to fall back towards an important level of around 1,450 Dollars. Last night the gold price was already low at 1,451 Dollars. But by […]