The week 02.11. – 06.11.2020
The US presidential election has finally been defeated, with the result that the agony for market participants will be prolonged as the elections now threaten to drift into legal aftermath.
The US presidential election has finally been defeated, with the result that the agony for market participants will be prolonged as the elections now threaten to drift into legal aftermath.
For several weeks, market participants have been waiting for a market correction so that they can find a more favourable time to enter the market after an early exit.
Investors have realized that the stock market cannot live with uncertainty.
The previous week‘s price development clearly shows how dependent markets have become on politics.
The market was mainly affected by the unemployment rates, which were higher than the market had expected, and the news that the US President had infected himself with Covid19.
This weeks’ chart offers an extremely rare picture that we have hardly seen before.
Fear about Covid19 consequences and the associated economic impact weighed heavily on the indices.
A short but extremely difficult week has passed.
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