J.P. Morgan Asset Management - The Weekly Brief

25.01.2016 16:30 - JPMorgan Asset Management (Switzerland) LLC

J.P. Morgan Asset Management - The Weekly Brief

Die globalen Aktienmärkte haben ihre enttäuschende Performance letzte Woche weiterhin

fortgesetzt. Der S&P 500 ist so schlecht ins Jahr gestartet wie seit 2008 nicht mehr.

Abzulesen ist diese schwache Verfassung aus der Grafik dieser Woche, die die jüngste

Anlegerumfrage der American Association of Individual Investors zeigt. Die optimistische

Stimmung gegenüber US-Aktien hat sich verfinstert und ist auf ihren zuletzt 2009 im Zuge

der Finanzkrise verzeichneten Tiefpunkt abgesackt. Eine derart trübe Stimmung ist

allerdings oft ein konträrer Indikator. In den letzten zwei Jahrzehnten erzielten die USAktienmärkte

immer dann, wenn der Optimismus seinen Tiefpunkt erreicht hatte, in den

darauf folgenden zwölf Monaten eine Rendite von 30 %. Die Anleger sollten sich

vergegenwärtigen, dass es vor Sonnenaufgang stets am dunkelsten ist.

JPMAM_The Weekly Brief_25.01.2016.pdf

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