Should you now buy gold instead of Bitcoin & Co.?

Dusseldorf “Where does the money go?”: This is the most frequently asked question from investors in 2022, says Jörg Scherer, Head of Technical Analysis at HSBC Germany. Equities harbor more risks than opportunities – in view of gloomy economic data, fears of war and deteriorating profit prospects for companies. However, not all shares have fallen since the beginning of the year.

Technology stocks were hit particularly hard. According to Scherer, the fifteen-year “growth-value uptrend” has broken. That said, growth stocks are no longer performing better than value stocks.

Scherer advises: “I would weight traditional sectors such as high-dividend stocks and cyclicals higher.” For him, it is not just a short-term change, but a “general and historical tidal change that has taken place here”.

Bonds in Europe do not bring any interest worth mentioning, in the USA there is at least three percent for the usual ten-year US bond. This makes this form of investment interesting again, at least for some professionals, says Christian Henke from the trading house IG Markets.