FRANKFURT (DEUTSCHE-BOERSE AG) – The continued rise in share prices has driven some medium-term investors to the sidelines and onto the short side, a poor starting point for renewed gains, according to Goldberg.
August 28, 2024 – The DAX has now risen for the third sentiment week in a row, posting a gain of 1.9%. It is not only remarkable that the stock market barometer has risen steadily since the low on August 5, so that the price slump at the beginning of the month can only be seen as a bearish blip, a brief episode. Since then, the recovery has been characterized by the fact that investors willing to buy have had to act in a rising market without any significant setbacks in between for a somewhat less costly entry.
Unfortunately, one thing is also clear: The institutional investors we surveyed with a medium-term trading horizon have not been the driving force behind the continuation of the DAX rally over the past week….
