You guys now I always track the DAX, something I just noticed.... it's got a head and shoulders pattern going on.
Keep in mind that Germany was in trouble before COVID, the only reason why it went up was because of negative interest rates. Now that rates need to go up, they're screwed. Positive interest rate is probably worse than COVID and Putin combined for Germany. Not to mention they have no gas now, lol.
Note: This is DAX ETF, not hedged for currency so the exchange rate in incorporated into the price.
Keep in mind that Germany was in trouble before COVID, the only reason why it went up was because of negative interest rates. Now that rates need to go up, they're screwed. Positive interest rate is probably worse than COVID and Putin combined for Germany. Not to mention they have no gas now, lol.
Note: This is DAX ETF, not hedged for currency so the exchange rate in incorporated into the price.