FRANKFURT (DEUTSCHE-BOERSE AG) – The professionals are reacting to the new record highs with increasing pessimism. Out of necessity, Joachim Goldberg suspects.
February 12, 2025 FRANKFURT (Goldberg & Goldberg). Despite the new US tariffs on steel and aluminum and Trump’s tariff threats for the eurozone, the DAX has marked a new all-time high practically every trading day since our last sentiment survey – albeit sometimes only marginally – and reached the 22,000 mark for the first time. At the end of the reporting period, the DAX was up 3.3% with only one minor setback in the meantime, and since the beginning of the year we are now talking about a DAX rise of almost 13%. Much to the chagrin of the recently bearish majority among the investors we surveyed. This is because the record-breaking run on the German stock market has so far been accompanied by great amazement rather than euphoric comments and exuberant celebrations. In…
