Taking advantage of possible setbacks for buying opportunities
Looking forward offers enough food - for bears and for bulls. Seldom in history was politics so unpredictable and at the same time so influential. Above all there is uncertainty as to what the next Trump tweet might cause. We continue to assume a minimal consensus in the trade conflict and see setbacks as buying opportunities.
Hoping For a Deal
The reporting season in the USA got off to a better start, the Chinese economy recovered significantly and market participants also hoped for a settlement in the trade conflict between the USA and China - good reasons for a positive development of the markets.
Further dynamic for equities, bonds & co.
2019 is expected to be a better equity year than 2018 but the second half of the year may be a challenge for investors. Dividend shares remain promising especially compared to overvalued bonds. Oil and gold prices are under pressure due to geopolitical uncertainties.