Johnny_TV

Germany's Finest lost point of control

Short
XETR:DAX   DAX Index
Germany's Most Wanted follow up on Bull's Island I published a while ago after a period of back and forth in a side channel. Only today the DAX broke out an important side-range sub channel in the recessive zone.
Not only will Fed's decisions and strong employment market data from the U.S. impact Germany's industry. A common recession in China, followed by multiple sanctions against high-tech industry in the U.S. as well as in Taiwan will make it harder for Germany to push product.

In the long term, Germany faces trouble for falling behind in investments, as it reacts on the upcoming European recession with pulling back on state subsidies, leaving the industry with shrinking liquidity to steer against the economic cooldown. The USA, which reacted on recession and inflation with the investment-fueling Inflation Reduction Act, attracts businesses from Germany, which led to a record withdrawal of invested capital of 131,8 billion US Dollars from Europe's leading national economy.
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