The Deutsche Aktienindex (DAX) at the beginning of the week was just 15 points shy of its all-time high, the 12,390 level reached in April 2015. But, there was a lack of buyers ready to enter. And, those who had been enjoying the trip to the top decided to leave and they took their profits with them.
Wall Street also failed to rally further in March. Investors were nervous about the US Federal Reserve, which is now starting to turn the money taps off. Markets also lost direction because of the Trump government’s failure with the health reform. The Fed is preparing the markets for a normalization of their monetary policy, because the economy has started to recover.
In the new Index Update April you will find the latest Werthstein Institute’s votes. The Werthstein Index is a lively representation of the Werthstein Institute’s market opinion. It expresses the individual voting members’ expectations for the development of global stock markets over a time horizon of up to three months, as the average of their votes on a scale from 1 (extremely negative) to 10 (extremely positive).