FRANKFURT (DEUTSCHE-BOERSE AG) – Institutional investors are reacting to the rising DAX levels with greater polarization. According to Goldberg, the bears are in a much more uncomfortable position.
September 25, 2024 FRANKFURT (Goldberg & Goldberg). The optimists in our last sentiment survey have been confirmed in their assessment – even if the positive price momentum for the DAX came primarily from abroad. First and foremost, the new all-time high can be seen as a consequence of the jumbo interest rate cut of 50 basis points decided by the US Federal Reserve last Wednesday. Many investors were hoping that another interest rate cut of this magnitude could possibly follow this year.
Meanwhile, recently published economic data in this country, such as the disappointing preliminary purchasing managers’ indices (also for the eurozone), were disappointing. However, investors have become accustomed to poor economic data and, in…
