The editors of private wealth have collected 15 questions and presented them to the Lerbach Competence Group - a network of private bankers, family officers and asset managers.

The questions about the next German Chancellor, Italy's debt problem, Europe's future, the German labour market, autonomous cars and the Olympics were answered in past issues of this forecast series, as were the questions about the price development of oil, gold, Bitcoin and the exchange rate of the euro in relation to the US dollar?

Today the professionals take a look at the German and the American stock market.

11. where will the DAX be quoted in August 2021 (probability)?

Lerbach Competence Circle

Below 11000 points12 %

Between 11000 and 13000 points 30

Between 13000 and 15000 points 41 %

Over 15000 points17 %

12. where do you see the US stock index S&P 500 in August 2021 (probability)?

Lerbach Competence Circle

Under 2700 points10 %

Between 2700 and 3300 points 25 %

Between 3300 and 3800 points 42 %

Over 3800 points23 %

Your

Klaus Meitinger

Note: Despite careful selection of the sources, no liability can be accepted for the accuracy of the content. The information provided in private wealth is for information purposes only and does not constitute an invitation to buy or sell securities.