In particular, the information contained in this documentation may not include all relevant information on the financial instruments covered or their issuers. This documentation and the assessments or assessments made therein are prepared with the utmost care, but their accuracy, completeness and accuracy cannot be guaranteed or guaranteed. The documentation is based on information that is considered reliable. The recommendations, estimates and statements contained therein reflect the personal views of the relevant analyst of VP Bank AG at the time of the date stated on the documentation and can be changed at any time without prior notice. This documentation does not constitute an offer or an invitation to purchase or sell financial instruments. This documentation was produced by VP Bank AG (hereinafter the bank) and distributed by the companies of the VP Bank Group. However, there are currently no arguments for maintaining the tactical overweight. Gold remains an important strategic element to diversify the portfolio.
On the other hand, we are closing the overweight position in gold. One Direction - Still The One Music Video by : Nagui Prodctions 1.864.952 Watch Download Shania Twain - Youre Still The One Live-1999 Hd by : GREEN DIAMANTE 1.045. In a regional comparison, we consider Europe to be the most attractive market.
Our economic outlook for 2022 is positive, despite short-term risks arising from corona-related constraints and the ongoing supply bottlenecks.Īgainst this backdrop, the earnings outlook for companies remains encouraging, which should provide the necessary underpinning for equity markets. There were several daily losses, some of which exceeded 2% volatility increased and several sentiment indicators reversed towards risk-off.įrom our point of view, this is a good opportunity to increase the equity quota in the portfolio.
With the new Corona variant Omicron, this changed, at least in the short term. before the slight setback, and the European Euro Stoxx 50 was not much behind with 23%. The US benchmark index S&P 500, for example, gained 25% between January and mid-November, i.e. Change of course in monetary policy? Has been signalled well by the US Federal Reserve.Īt any rate, it did nothing to dampen risk appetite. In recent months, one could get the impression that new risks and bad news were simply rolling off the prices. So it does still exist: volatility in the stock markets.