.
Robuster Arbeitsmarkt wirkt einer Rezession entgegen
Kein präventives Senken der Zinsen durch Zentralbanken zu erwarten
Portfolios umfassender diversifizieren
Im ersten Halbjahr 2023 haben die Kapitalmärkte positiv überrascht: Die „Underperformer“ des letzten Jahres – vor allem Wachstumswerte, europäische sowie US-Aktien – sind zurückgekommen, dagegen sind die „Outperformer“ des letzten Jahres, wie Rohstoffe und Energiewerte, zurückgefallen. Die Märkte scheinen nach Ansicht von Tilmann Galler, Kapitalmarktstratege bei J.P. Morgan Asset Management, Inflationsschock und Bankenturbulenzen hinter sich gelassen zu haben. Die Frage ist jedoch, wie nachhaltig diese Erholung ist. Denn auch wenn es ruhiger geworden ist lauerten noch einige Gefahren für die Märkte, so der
Robuster Arbeitsmarkt wirkt einer Rezession entgegen
Kein präventives Senken der Zinsen durch Zentralbanken zu erwarten
Portfolios umfassender diversifizieren
Im ersten Halbjahr 2023 haben die Kapitalmärkte positiv überrascht: Die „Underperformer“ des letzten Jahres – vor allem Wachstumswerte, europäische sowie US-Aktien – sind zurückgekommen, dagegen sind die „Outperformer“ des letzten Jahres, wie Rohstoffe und Energiewerte, zurückgefallen. Die Märkte scheinen nach Ansicht von Tilmann Galler, Kapitalmarktstratege bei J.P. Morgan Asset Management, Inflationsschock und Bankenturbulenzen hinter sich gelassen zu haben. Die Frage ist jedoch, wie nachhaltig diese Erholung ist. Denn auch wenn es ruhiger geworden ist lauerten noch einige Gefahren für die Märkte, so der
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