DAX - Germany ETF Annual Trading Opportunity From Fiscal Flows
The purpose of this article is to assess the macro-fiscal flows for Germany in the lead-up to the new federal budget in February and determine what effect these flows will have on the stock market and the economy.
Macro fiscal flows impact investment markets with a lagged effect of typically one month. A flow of funds now from government spending or credit creation from banks will lead to a boost in investment markets one month later.
To understand the fiscal flows, one has to look at the balance of sectoral flows within the German economy