Who Needs An Economy When You’ve Got Stocks? Markets On Fire In Two Recession-Hit Locales
Forget the burgeoning recession, German stocks are on fire.
Thanks to optimism around trade and the concurrent pro-risk rotation across assets, the DAX is now the most overbought since May.
Trade-sensitive German shares are on track for a fifth consecutive weekly gain and are within shouting distance of the record high hit in January 2018.
Not surprisingly, carmakers have led gains. Daimler, Volkswagen and BMW have rallied sharply in November on the heels of big gains last month.
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your title made me laugh. it’s insane, like everything else these days. just how high can this pyramid scheme go?
The markets seem to be anticipating that what we have seen is a mid-cycle correction. It appears to me that we are in a gradual slowdown emmanating out of the manufacturing sector. Where it stops nobody knows.