Introduction
My readers know that my focus is on long-term investments. Short-term political or macroeconomic headwinds may therefore have an impact on the portfolio, but should not scare long-term investors too much (a major advantage of this investment approach). The fact that the trade conflict that has been swelling in recent years can have precisely such negative effects on the share price development could be clearly seen on the Siemens AG (OTCPK:SIEGY;OTCPK:SMAWF) chart. Conversely, however, recent months have also shown that such developments can be quickly reversed by the market. Since