Dusseldorf Despite the price gains at the start of the week, the German stock market remains in its long-awaited consolidation phase. The Dax closed at 13,943 points on Monday evening. It was a flat trading day with a range of just 70 points.
With an increase of over 2800 or 23.7 percent within two and a half months, investors recently experienced one of the biggest rallies in Dax history. The previous consolidation of six percent is something normal and healthy and there is absolutely no reason to panic.
However, after the recent slide in prices, the year-end rally is likely to fail. This means significant price gains in the last five trading days of the 2022 stock market year and possibly prices above 14,675 points again, the high of this rally. From a purely statistical point of view, the probability of a year-end rally is high.
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