J.P. Morgan Asset Management - The Weekly Brief

11.01.2016 10:07 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die Aktienmärkte verzeichneten den mitunter schlechtesten Jahresauftakt seit der Finanzkrise 2008. In den ersten drei Handelstagen des Jahres 2016 gab der S&P 500 um 2,63 % nach und bleibt damit nur leicht hinter den -2,73 % zurück, die der Index im entsprechenden Vorjahreszeitraum erreichte. Nach diesem schwachen Start werden die Anleger hoffen, dass sich die alte Weisheit der Wall Street, der zufolge das ganze Jahr so verläuft, wie der Januar verlief, im Jahr 2016 nicht bewahrheitet. Die folgende Grafik zeigt, dass Jahre mit einem schlechten Jahresauftakt sich auch im Jahresverlauf nur schwer erholen. Ein starker Januar kann hingegen dazu beitragen, der Entwicklung des Index im Verlauf eines Jahres Auftrieb zu verleihen. Diese Regel bestätigte sich in den vergangenen 86 Jahren 78 Mal, was beunruhigend häufig ist. Trotz dieses schwachen Starts ist das Jahr noch immer jung und es bleibt ausreichend Zeit für eine Erholung in diesem Monat.

JPMAM_The Weekly Brief_11.01.2016.pdf

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