- Expensive gas from outside Russia, in my opinion, will worsen the already difficult situation with inflation in Germany.
- The cycle of increasing net earnings revisions we have seen in the course of 2021 already shows that the peak has most likely been passed.
- The DAX index is still too high concerning the book value of the stock market. The technicals indicate that this discrepancy will most likely narrow shortly.
- So I believe the Global X DAX Germany ETF will stagnate at best throughout 2022. In the medium term, we are likely to see a continuation of the ongoing correction.
For further details see:
Global X DAX Germany: Still Flying Too High, Another Leg Down Is Coming