Turbulence on the US stock market

Article by Carsten Klude

Just a few weeks ago, the US markets were celebrating new records, but now the tide has turned: The S&P 500 has fallen by five percent since the beginning of the year, while the Nasdaq technology exchange has fallen by as much as ten percent. The “Magnificent 7”, which have led the rally in recent years, have been particularly hard hit - they have suffered above-average losses. At the same time, European and Chinese shares are proving resilient and recording price gains.

What is behind this development? In addition to the political uncertainties in the US, new tariffs and weaker economic data are also playing a role. Is there a threat of a sustained slowdown on the US markets? And how should investors position themselves now?

In the current issue of “Economic Situation and Strategy”, we shed light on the background to current market developments, analyze the possible consequences and provide an assessment of whether and where opportunities could now arise.