J.P. Morgan Asset Management - The Weekly Brief

20.08.2018 11:10 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Parallel zu den geopolitischen Spannungen der letzten Wochen signalisieren die

Konjunkturdaten aus den USA, dass die US-Wirtschaft weiterhin auf sicheren Füssen steht.

Der Small Business Optimism Index der Interessenvereinigung NFIB, eine Umfrage zum

Geschäftsoptimismus unter unabhängigen Kleinunternehmen, erreichte zuletzt einen Stand

von 107,9 – der zweithöchste Wert in seiner Geschichte und nur 0,1 unter dem Rekordhoch

von 1983. Das Ergebnis deutet darauf hin, dass die Firmen ihren Umsatzausblick und die

Rahmenbedingungen für ihre Geschäftstätigkeit immer optimistischer einschätzen.

Während die Unternehmen natürlich von der starken US-Wirtschaft und fiskalischen

Impulsen profitieren, suggerieren diese hohen Optimismuswerte, dass wir uns in der

Spätphase des Konjunkturzyklus befinden. Die weiterhin robusten Daten dürften Aktien

deutlich unterstützen, aber Anleger sollten in der jetzigen Zyklusphase ein ausgewogenes

und diversifiziertes Portfolio anstreben.

JPMAM_The Weekly Brief_20.08.2018.pdf

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