Does the Dax fall to 10,000 points?

Frankfurt It sounds like a nightmare: the well-known asset manager Jens Ehrhardt expects a “significant bear market” on Wall Street and in Europe in the first half of the year. The experts at the analysis house and asset manager Sentix go even further: Managing Director Patrick Hussy speaks of a “sell-out in October”. He considers a fall of the leading index Dax to 10,000 points possible. That would be a loss of more than 30 percent.

But such views are the exception. The typical annual forecasts are cautiously optimistic – and are at least supported by strong price gains from the first trading days of the new year.

A Handelsblatt survey in December showed that the banks expect the Dax to average 15,300 points at the end of 2023, an increase of around ten percent. That would be a good result after a bad year in 2022 with twelve percent minus.