The fund manager doubts that the US Federal Reserve will raise interest rates any further.
(Photo: Thomas Dashuber for Handelsblatt)
Frankfurt He trumps most of his competitors in terms of experience: Jens Ehrhardt has been working as an analyst and fund manager for over half a century. Despite the recent turmoil surrounding the banks, the 81-year-old sees the stock markets on the right track. The rise of the leading German index Dax to a new high for the year confirmed his view on Tuesday.
However, he fears that the old stock market adage “Sell in May and go away” will come true this year. According to the founder of the asset management company DJE Kapital, the good mood on the stock exchanges should be over in May.
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