I am staying bearish. Technicals might need a recalibration under current market conditions.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet, and the chance they default or need to pull a Lehman seems more of a direction. I have no reason to be optimistic when the theoratical cycle seems to indicate a recession. I aimed for recession 2022, but it might get a much faster pace.
I do not see the Dax flying to the moon soon, especially when the ripple effect of supply chain management across the world becomes a bigger issue and might get some stops and holds on their output - export of the automotive sector.
Deutsche bank is not in the clear yet, and the chance they default or need to pull a Lehman seems more of a direction. I have no reason to be optimistic when the theoratical cycle seems to indicate a recession. I aimed for recession 2022, but it might get a much faster pace.