After years of dominance, the US stock market is showing signs of weakness as a result of Trump's actions: political uncertainty, the threat of tariffs, stagnating AI/tech stocks and a gloomy outlook for the US economy are bringing the Narrativ des „US-Exceptionalism“ ins Wanken. . Even the highly weighted "Magnificent Seven" are no longer outperforming the market as a whole.

🇪🇺 Meanwhile, Europe is scoring points with improved investor sentiment. The German market and the $LYY7 (+0,01 %) have benefited since the announcement of the soon-to-be government's fiscal package. ETF inflows show: Institutional investors are reallocating. In the short term, Europe offers attractive opportunities - even if global risks, such as a possible US recession, continue to lurk in the background.

🇯🇵 Japan and $EXX7 (+0,91 %) remains volatile. Interest rate hikes, the strength of the yen and China's weak consumption are a burden - but the valuation level remains attractive, similar to Europe

The US market is in consolidation mode, new impetus is lacking - Europe is showing relative strength, even if exaggerated optimism is misplaced. But will there now be further setbacks on the US stock markets?

Read the full market commentary now: 🔗 Die Ausnahmestellung der USA ist (zunächst) beendet

#Trump

This article is part of an advertising partnership with Société Générale

Hi everyone,

I am 21 years old and have been actively investing myself since 2019, before that my parents started investing money for me.

Now I started working at the beginning of the year and can currently invest €1000 per month, but I'm thinking about increasing it again if necessary, as I have enough left over at the end of the month.

I am currently saving $BRK.B (+0,33 %)
$NVDA (+2,4 %)
$AAPL (+1,38 %)
$MSFT (+0,68 %) and $META (+0,52 %) with 50€ each.

The ETFs $UST (+1,08 %)
$LYPS (+0,86 %)
$LYY7 (+0,01 %)
$IWRD (+0,66 %) and $LOCK (+0,9 %) with 150€ each.

I would like some feedback on what you think about diversification in the savings plan, or whether I should invest more in shares at a young age.

I will also be joining Trade Republic next month and will also be focusing on short-term trades as I have been looking into this a bit more recently.

I look forward to your feedback and what could be adjusted in general.

Best regards!

Lufthansa $LHA (-1,01 %) is facing a challenge: a ruling by the Cologne Regional Court has decided that the airline may no longer use certain CO₂ statements in its advertising. Deutsche Umwelthilfe has won an important victory in this case and the court has upheld the claim in full. Although the ruling is not yet final, the impact on Lufthansa's marketing strategies could be significant. Especially at a time when sustainability is becoming increasingly important to travelers, this could fundamentally change the way the airline presents its environmentally friendly offers and force it to find more creative approaches to appeal to its customers.

In Germany, the DAX $LYY7 (+0,01 %) is relatively stable on Tuesday. The leading German index is expected to rise slightly by 0.1 percent to around 22,874 points before the start of trading. Investors seem to be looking for a clear direction, while the Asian markets are developing unevenly. The Nikkei 225 in Tokyo is up 0.46 percent, while the Shanghai Composite is down 0.10 percent and the Hang Seng in Hong Kong is even down 2.25 percent. Market participants are keeping a close eye on current developments and are waiting for further impetus to make their decisions. It remains to be seen whether the markets will stabilize in the coming days or whether we will see further movements.

It will be exciting in the evening when GameStop $GME opens its books and presents its key figures for the past quarter. Analysts have high expectations for the figures, which could draw investors' attention to the share. Developments surrounding GameStop are always a hot topic and could also influence the general market situation. In other news, Hyundai is causing a stir with the announcement of a 21 billion dollar investment in the US, which could bring additional movement to the markets. At the same time, Heidelberg Materials and Jenoptik have announced that they will increase their dividends, which is a positive signal for investors and boosts confidence in the companies.

Sources:

https://www.spiegel.de/wirtschaft/lufthansa-gericht-verbietet-bestimmte-co-aussagen-in-werbung-a-b56dd3de-cccc-46ba-9ec3-b4d8e27ae0e4

https://www.finanzen.net/nachricht/aktien/10-vor-9-die-wichtigsten-10-fakten-fuer-anleger-am-dienstag-gamestop-vor-bilanzvorlage-14320872

DAX reaches new all-time high again 🇩🇪📈💶👑. The left, trade unions and Wahra Sagenknecht would say that the stock market is a casino and a game of chance. Some people just always want to be wrong. Samsung Galaxy Watch 7 Which German shares do you have and how have they performed? #dax
#dax40
$LYY7 (+0,01 %)
$SIE (+1,13 %)
$ALV (+0,36 %)
$SAP (-2,84 %)
$VOW (+1,7 %)
$BMW (+0,78 %)
$P911 (+1,01 %)
$RHM (-0,8 %)
$ENR (+4,3 %)
$AIR (+0,2 %)
$DTE (-1,34 %)
$DBK (+0,65 %)
$DHL (-0,09 %)
$CBK (+1,36 %)
$MBG (+0,52 %)
$PAH3 (+0,46 %)

Which German shares did you buy and how did they perform?#dax
#dax40
#deutschland
$SAP (-2,84 %)
$RHM (-0,8 %)
$MUV2 (+0,35 %)
$ALV (+0,36 %)
$ADS (-0,99 %)
$DE000A0PNN47
$VOW (+1,7 %)
$MBG (+0,52 %)
$P911 (+1,01 %)
$PAH3 (+0,46 %)
$BMW (+0,78 %)
$DTE (-1,34 %)
$DHL (-0,09 %)
$DB1 (+1,02 %)
$DBK (+0,65 %)
$RHM (-0,8 %)
$AIR (+0,2 %)
$LYY7 (+0,01 %)

Broaden your portfolio to reduce risk? Tradingview Indicator

Who hasn't experienced this? You think you're diversifying with a new asset, only to realize that it's actually very similar to the rest of your portfolio. This doesn't create a real diversification effect, it's just packaged differently and you have almost the same exposure.

This is where my indicator comes in. It shows you how strongly your current chart (you can use just about anything here: from individual stocks like $PLTR (+2,15 %) to ETFs like $IWDA (+0,74 %) , bonds, crypto, commodities, economic data, etc.) with key markets such as the S&P500 $VUSA (+0,87 %) , the Nasdaq $CSNDX (+1,05 %) , the Russell2000 $XRS2 (+1,2 %) , the Dax $LYY7 (+0,01 %) , China $CNUA (+0,91 %) , gold $GOLD silver $PHAG (-0,35 %) , bonds or the cryptocurrency $BTC (+1,03 %) correlated. This allows you to immediately recognize whether a supposed addition to the portfolio actually changes anything or is basically just a clone of what you already have. Let's take an example: You think you are creating a counterweight to Europe with China, but you realize from the correlation that both markets are moving almost in sync. So you know that this "diversification" is of little use. Apart from the fact that Europe and China generally haven't done much for a long time, haha.

The interpretation of the values is relatively simple. High correlations (close to 1) indicate similar price trends, negative ones indicate opposing trends, and values around zero indicate that there is no clear connection. Bear in mind, however, that correlation is not the same as causality and often only shows indirect relationships. Moreover, historical correlation is no guarantee of future patterns. Nevertheless, this view helps to uncover possible misconceptions and develop more targeted diversification strategies to make your portfolio more resilient. The +/- ratio can now also be taken into account. This is because it often happens that one and the same asset correlates very differently with each other in different phases - sometimes very positively, sometimes very negatively. As a result, the average value can provide a misleading picture. The stronger these fluctuations are, the more percent of the time it is positively or negatively correlated. This is therefore an additional indicator to check how meaningful the average correlation actually is. So + value is the time where the correlation is positive in % etc.

Still to be optimized, that the correlation is not currently limited to certain time periods. For example, if you want to look at the relationship between MicroStrategy $MSTR (+1,88 %) and Bitcoin in isolation would have to exclude earlier phases in which MicroStrategy was still a real business and not a "leveraged closed commodity fund" as it is now. In addition to the ATH delta filter, I also plan to incorporate a moving average (MA) as a further trend filter. In the long term, I would like to integrate even more markets, for example emerging markets or non-USD bonds, in order to paint a truly comprehensive picture.

The correlation with interest rate expectations I have used $SHY (short-term government bonds) and $TLT (long-term government bonds). If the SHY falls, the market assumes that interest rates will rise over the next two years. In the case of TLT, this expectation relates to around 16 years and is effectively "leveraged" by the term. If the asset you have shows a high correlation to the SHY, it means that it is relatively sensitive to interest rates (like almost everything). But that would be too much to explain in detail. What is clear, however, is that interest rates play a major role for equities, especially for the Russell 2000, where many smaller, unprofitable companies benefit from low interest rates, as do mining companies with high levels of debt, for example. Of course, it is not the only correlation, but it is an important factor.

• Which other markets or assets would you include to bring more clarity to your analysis?
• Does the indicator even make sense?
• And is there anyone here with a statistical background who would like to go through the code to make sure that everything is calculated correctly or how it could be done better?

I don't know if this is an affiliate link, but don't think so anyway: this is advertising

https://www.tradingview.com/script/kRCxLnhY-Asset-Correlation-Check/

Many warn of a second Trump presidency. Here is the performance since his first election victory in November 2016 🗳🇺🇸🦅📈

+9,600% Bitcoin

+309% Nasdaq 100

+174% S&P 500

+135% Dow Jones

+125% Gold

+117% MSCI World

+88% DAX

+88% Silver

+65% Euro Stoxx 50

+55% Euro Stoxx 600

+32% MSCI Emerging Markets

#trump
$CSNDX (+1,05 %)
$EXXT (+1,07 %)
$QYLE (+0,04 %)
$LYY7 (+0,01 %)
$BTC (+1,03 %)
$ABX
$GOLD (-0,33 %)
#crypto
#krypto
#usa
$MSTR (+1,88 %)
$COIN (+9,92 %)
$NVDA (+2,4 %)
$MSFT (+0,68 %)

Share of companies in the development of the DAX

34.8% SAP $SAP (-2,84 %)

13.1% Allianz $ALV (+0,36 %)

10.9% Munich RE $MUV2 (+0,35 %)$MURGY (+0 %)

10.2% Deutsche Telekom $DTE (-1,34 %)

7.3% Rheinmetall $RHM (-0,8 %)

5.2% Siemens Energy $ENR (+4,3 %)

5.1% Adidas $ADS (-0,99 %)

3.6% Deutsche Bank $DBK (+0,65 %)

9.8% remaining 32 shares together

>> Which ones are you invested in?

Source: HQ Trust Research, as of August 2024

$LYY7 (+0,01 %)
$DAX
$GDAXI
$EXS1 (+0,01 %)
$EXIC (+0,02 %)
#dax
#deutschland

Week in review 28.09.

New all-time highs for DAX, Dow Jones, S&P 500, Gold, GE Vernova, Meta, Netflix, SAP, Vistra Corp, Walmart 👑🥇 $LYY7 (+0,01 %)
$CSPX (+0,85 %)
$ABX
$GEV (-1,27 %)
$META (+0,52 %)
$NFLX (-1,26 %)
$SAP (-2,84 %)
$VST (+4,66 %)
$WMT (-0,67 %)

New 52-week highs for 3M, Air Products, Alibaba, Arista Networks, Barrick Gold, Bank of Nova Scotia, BlackRock, Caterpillar, Constellation Energy, DuPont, HSBC, Infosys, Live Nation, McDonald's, Palantir, PayPal, Public Storage, Royal Bank of Canada, Royal Caribbean, Sea Ltd, Spotify, Tangier 💵📈 $PLTR (+2,15 %)
$9988 (+1,34 %)
$BABA (+1,35 %)
$BLK
$CAT (+0,67 %)
$BNS (+0,46 %)
$STZ (-0,27 %)
$DD (-0,51 %)
$HSBA (+0,96 %)
$HSBC (+0,87 %)
$INFY
$LYV (+0,46 %)
$MCD (-0,54 %)$PUB
$PUB
$RCL (+0,06 %)
$SEA (-0 %)
$SKT (-0,1 %)

Bitcoin with new 1-month high, +22% in three weeks since the low on 07.09. from 52k$ to 66k$, +150% in 12 months📉📈 $BTC (+1,03 %)

PayPal's own stablecoin PYUSD (crypto) is growing strongly and is now one of the top 100 cryptos by market capitalization at 95th place 💰 $PYPL (+0,67 %)

Palantir with inclusion in the S&P 500 on Monday #PLTRgang 🤜🤛👊✊ $PLTR (+2,15 %)

Uber is working with Google's Waymo (Alphabet) and wants to offer robotaxis for a surcharge 🚗🤖 $UBER (+0,06 %)
$GOOGL (+2,03 %)
$GOOG (+2,06 %)

After the ECB and FED, China has also turned on the money printer *brrr brrr*, plus a big economic stimulus program, China stocks therefore have their best week in 10 years, car and luxury stocks with Chinese business are therefore rising 🖨🇨🇳 $MC (-1,73 %)
$P911 (+1,01 %)
$BMW (+0,78 %)
$MBG (+0,52 %)

AMD CEO and Nvidia CEO confirm continued high demand for AI chips 🧠🤖, Nvidia CEO does not want to sell any more of his own shares for the time being. $AMD (+5,45 %)
$NVDA (+2,4 %)

Upcoming Playstation 6 with AMD chip again, but AMD will leave the high-end graphics card market for PC gamers and try to scale more strongly in the mid and lower segments. Nvidia would then have a monopoly 🎮 $SONY (+0 %)
$6758 (-0,82 %)

Super Micro suspected of accounting fraud. US justice is apparently already investigating according to an insider, -62% share price in three months 🔍👮 $SMCI

AI needs a lot of electricity and nuclear power plants are being reactivated in the USA. In Germany, it's the other way around due to the world's stupidest energy policy. US electricity provider shares, uranium mines - shares and ETFs are rising. ⚛️⚡️ (see podcast episode 57 "Buy High. Sell Low." pinned to my profile at the top) $URNM
$URA (+3,16 %)
$UEC (+0,56 %)

Micron with good quarterly figures and +13% share price, semiconductor stocks rally 💻📈 $MU (+5,58 %)

Costco - quarterly figures mixed, EPS exceeds estimates but sales worse than expected, share price falls slightly 🛒 $COST (-1,09 %)

McDonald's increases quarterly dividend by 6% to 1.77$. Since the first dividend payment in 1976, the payout has been increased 48 years in a row. 🍟🍔 $MCD (-0,54 %)

Investigation initiated against Visa 💳 and SAP 💻 in the USA for illegal price fixing $V (+0,5 %)
$SAP (-2,84 %)

Oil price falls again, Shell & Co. on the way to 1-year low 🛢⛽️ $SHEL (+0,15 %)
$GB00B03MM408
$RDS.A

Meta releases VR glasses Quest 3s for €330 from 15.10.24 📱👓

Intel launches AI accelerator "Gaudi 3" as an alternative to Nvidia's H100. IBM, Google & Dell as first customers. 🧠 $INTC (-7,04 %)

US debt level climbs above 35 trillion dollars for the first time 🖨💵

Ubisoft share price collapses due to postponement of "Assassin's Creed: Shadows", -70% 1-year performance 🎮📉 $UBI (-1,12 %)

DHL raises outlook / growth forecast until 2030 and increases letter postage by 10.5% in Germany from 2025 📦✉️📯 $DHL (-0,09 %)

BASF struggles with high energy prices and weak demand, threat of plant closure and dividend cut 🇩🇪📉 $BAS (-0,02 %)

Adidas (+28%) significantly better than Nike (-18%) since the beginning of the year ⚽️🏀👟 $ADS (-0,99 %)
$NKE (-0,63 %)

Takeover poker at Commerzbank by Ital. Unicredit continues 🏦🇮🇹🇩🇪 $CBK (+1,36 %)
$UCG (-1,96 %)

Jefferies issued a buy recommendation for BioNTech and sees the antibody BNT327 against cancer as a potential massive sales driver. 👨‍⚕️⚕️💊 $DE000A0V9BC4

Mutares -14% because shortseller Gotham City raises serious allegations against the SDAX member: Ponzi scheme, false accounting and circular business model 🔍👮 $MUX (+1,06 %)

>> If you want to read a review like this every week, leave a like & subscribe. What important news have I forgotten? 👍❤️

DAX breaks 19,000 points for the first time today. New all-time high. +21% in 12 months. 🇩🇪📈💶👑🏆🥇 #dax
$GDAXI
$DBXD (+0,01 %)
$LYY7 (+0,01 %)
$DAX