Risk increases

02.08.2019

In light of a potential market correction, we are recommending caution and taking profits on the back of this approach.

August and September will be challenging months: In our opinion, positive influences such as central banks pursuing a more aggressive monetary policy have already been priced into the markets, while the trade conflict between China and the US could drag on longer than anticipated. Corporate earnings are likely to stagnate or even decrease until late autumn.