Two price dampeners and three major price drivers

Dusseldorf September started traditionally with five losing days in a row. It is the weakest month on the stock market year after year: over the past 40 years, the DAX has recorded an average loss of 1.7 percent in September. This time too, things are going downwards with fluctuations.

Last year, the DAX stood at around 12,000 points at the end of September. In hindsight you have to say: it would have been the best time to buy. At the end of December he had already reached 14,000 points, and to date the gain has added up to more than 30 percent. Should investors prepare for a year-end rally this time too?

Statistically speaking, October, November and December are the strongest quarters ahead. But something is different this time simply because of the high interest rates. Investors should therefore look at five key influencing factors for the DAX. Two major price pressures are offset by at least three equally large price drivers.

Price driver: Robust global economy

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