The right portfolio for the time after the “peak”

View into a copper mine

The prices of raw materials have risen significantly recently. The share prices of producers also benefit from this.

(Photo: Imago)

Frankfurt One of the key questions facing investors at the moment is: When will the markets reach their “peak”? The question arises with regard to prices, inflation, and economic and corporate earnings growth. The experts at the major US bank JP Morgan are quite optimistic: They believe in a further increase in the US share index S&P 500 to 4700 points in the current year and to more than 5000 points in 2022.

A research team at Goldman Sachs, on the other hand, believes that the peak in economic growth has passed, although this is even more the case for the US than for Europe. That is why they look further into the future and start looking for the right portfolio for the time after the “peak”. In doing so, they are paying particular attention to European stocks, where the catch-up potential appears to be even greater than that of US stocks.

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