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Equity markets came under severe pressure yesterday (Corona numbers, SAP numbers) – today it is clear that there will certainly be no new stimulus before the US elections. If Biden becomes the new US president but Republicans can hold the US Senate, things don’t look good for a big new stimulus package. After the stock markets have sold out (especially the Dax, which is very weak), will the “turnaround tuesday” come today? The statistics of the past speak for themselves: in 11 cases out of 12, we passed from Tuesday to Tuesday’s elections. But especially on Thursday, big US tech stocks reported: Was SAP a warning sign that times are getting tougher even for tech companies because money isn’t that easy anymore?
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