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 22 times between December 21 and January 01. The largest gain was in 1998 with a 15.77% profit. The largest loss was -4.35% 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.