The DAX is doing fabulously well despite everyone always talking about the dramatic development of our economy 🧐
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@Toooom because it just doesn't feel like it represents the German economy or most companies don't make their sales in Germany.
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@Toooom I think it's very industry-dependent. Automotive, chemicals and steel are difficult at the moment, others like SAP are experiencing golden times
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Many German companies are not dependent on the German market, as happens with American or Japanese ones, so its behavior doesn't necessarily depend on the local economy.
On one hand that's good but on the other, they depend most on the international economy, with heavy influence on rogue economies, wars...
On one hand that's good but on the other, they depend most on the international economy, with heavy influence on rogue economies, wars...
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@WarrenMunger1989 Also think that the MDAX is better suited as a comparison ✌🏻
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•@Toooom On average, the DAX companies do not even generate 20% of their sales in Germany
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