At 13,800 points, the Dax has reached its first target. Whether the market has already been adjusted will only become apparent after a second in-depth test. That could happen in the 13,600 to 14,000 range given the current turmoil. From there, a technical recovery would certainly be possible, perhaps around the time of the next Fed meeting in mid-March. However, the current risks are still too imponderable and too new for the market for a sustained price recovery to be derived from them.
More on the subject: War in Ukraine, inflation, fear of interest rates: You can read in our cover story “The crisis strategies of the best stock market professionals” how the winners of the exclusive asset manager ranking deliver returns in turbulent markets.