Investors have had an extremely successful year. And the overwhelming majority of capital market experts expect share prices to rise again next year. In doing so, they refer to the extraordinarily positive economic development in the world.
However, this expectation of sustained high economic momentum is likely to be reflected at least to a large extent in the high valuations on the stock markets. For investors it is therefore crucial: Will it be even better in the future than already expected today? For this reason, the private-wealth stock market indicator attaches great importance to the expectations of managers in German industry. This is surveyed monthly as part of the ifo business climate surveys.