Dear Readers, of the capital market seismographs continues to signal calmness. "In the last two weeks, the sum of the "good" probabilities has even increased by more than 90 percent. The seismograph therefore still suggests a maximum weighting of the equity quota," explains Oliver Schlick. As you know, the seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest, but with hedge) and "red" (turbulent market with negative expectation = do not invest).

Dear Readers, The ifo business climate improved slightly in November. Of particular interest was the development of business expectations for the economy as a whole and for industry as a whole, which we regard as a sentiment indicator for the global economy and the stock markets. The expectation component of the overall economy has now risen for the second time in succession. In the manufacturing sector, however, it stagnated after an increase in October. The ifo traffic light has thus changed from red to yellow (graphics).

Dear private wealth community, On 12 November, fund manager Alasdair Ross will present his Enhanced Money Market strategy, the Threadneedle (Lux) Global Investment Grade Credit Opportunities Fund, in a webinar. The Absolute Return Fund seeks positive returns above money market levels by investing in Columbia Threadneedle's best investment ideas in the global investment grade universe and combining them with long / short credit default swaps. The strategy follows our proven approach to credit portfolio management. Learn from Alasdair Ross how you can generate positive returns regardless of market direction. With an absolute return approach, investors are well positioned to normalize the still extremely low interest rates...

Dear Readers, In recent weeks, the thunderclouds measured by capital market seismographs have gradually dissipated over the capital markets. "The sum of the "good" probabilities is now over 70 percent again." In combination with the sudden increase in the probability of calm markets, this ensures that the seismograph now considers a short-term significant increase in the share quota to be appropriate," explains Oliver Schlick, who regularly calculates the capital market seismograph with his team. As you know, the capital market seismograph distinguishes between three phases: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest, but with hedge) and "red" (turbulent market with negative expectation =...

Dear Readers, The ifo-Institut writes that the worries among German corporate leaders are getting deeper and deeper. In August, the ifo business climate finally fell significantly once again and has now reached its lowest level since November 2012. In industry, which we regard as a sentiment indicator for the global economy and the stock markets, a similar pessimism was last observed in the crisis year 2009. It is particularly problematic that the massive decline apparently affects all sectors. According to the ifo Institute, none of Germany's key industries showed any signs of improvement.