sentix ASR Essentials 38-2015

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Equities really without alternatives in the medium-term?

At first glance investors’ expectations have barely changed. But this means that the inconsistent behavioural pattern remains intact – and continues to sound a note of caution. We particularly dislike that investors – as before – do not allow for the much worse price behaviour and instead prefer to sit out the correction. Positive news come from the gold market where a new basic conviction builds up.

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