Can we expect DAX buyers into year end?
The DAX tends to gain in the last half of December. Over the last 32 years the DAX has gained a total of 23 times between December 15 and January 01. The largest gain was in 1998 with a 15.77% profit. The largest loss was -8.83% in 1990.
- The main risk to this trade is if there is strong risk off trading heading into year end on the US stimulus bill not being passed.
- Another key risk is a large rise in European Covid 19 cases which could result in longer European shut downs and push the Dax lower.