Newsletter #20: A rally built on shaky foundations, euphoria meets risks

Welcome to the twentieth edition of this newsletter, dear readers! The American markets continued to rise over the course of the week and are on their way to their old all-time highs. The DAX also managed to stay above its old ATH from the beginning of the year. In this edition, we will discuss possible factors that speak both for and against a further rise. Enjoy reading! Weekly performance As already indicated, the indices continued to rise during the past trading week. The US 100 and US 500 in particular have fallen strongly into the bulls' sights. Almost all of the listed indices are...