The strategists (from left): Laetitia-Zarah Gerbes (Acatis Investment), Gabriele Hartmann (Perspective Asset Management) and David Wehner (Do Investment)
(Photo: private)
Frankfurt Contrary to all expectations, the international stock markets have risen sharply in recent weeks. The most sought-after sectors in the first weeks of trading in 2023 include technology stocks and auto stocks. This came as a great surprise to most investors.
In view of rising interest rates and declining growth, skepticism about equities was very high. Some experts even named cash as the preferred investment segment. Some investment houses are now giving up their pessimistic assessments for 2023 and are revising their forecasts upwards.
Who would have thought in September last year that the German stock market, measured by the Dax, would recover by almost 30 percent and that the leading index would rise to a 52-week high? How much optimism is justified now?
Investors’ hope is based on a “soft landing” for the global economy, supported by falling inflation, robust economic data and China’s successful reversal of the “zero Covid policy”.
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