Opinion poll
Fear of Trump chaos: private investors draw consequences
Attacks on the US Federal Reserve and Dollar decline: Trump ensures stock exchange turmoil. Many investors sell US shares and rely on gold. A survey shows how trust in the USA sinks.
Constant customs threats and attacks on the US Federal Reserve Fed: US President Donald Trump keeps the stock exchanges in suspense. Many private investors in Germany have reacted out of concern for his policy. This is shown by a representative online survey by the Broker Tradegate.direct among around 2,000 people who deal with stocks or funds. The broker belongs to the Tradegate Exchange securities exchange, in which the German stock exchange is involved.
In the survey from July, a good three quarters of the respondents (76.3 percent) stated that their confidence in the US stock market had decreased because of the politics of the government there, and even “significantly” in 46 percent of them. Only around 17 percent have unchanged trust.
US shares rejected, gold bought
Accordingly, around 40 percent have invested in “Safe ports” since Trump’s took office in January – such as gold and other precious metals (19.3 percent) and bonds (18 percent).
A total of 40 percent of the respondents also stated that they had changed their investment strategy in response to Trump’s politics: 15 percent, according to their own statement, sold US shares. A fifth (21.6 percent) said that they had put their portfolio broader. German or other European shares sold almost four percent. 56 percent did not change anything.
Stock quake for Trump’s customs package
Trump had triggered violent stock exchange turmoil with his customs policy in April. After the announcement of his global customs package, the courses collapsed. Even after that, the trade dispute repeatedly caused fluctuations in stock market. In the meantime, the US indices have reached records or are about to, the German leading index Dax also lists close to its maximum.
Attacks on the US Federal Reserve
Skepticism compared to the US financial markets is not a phenomenon for private investors alone. The attacks by Trump on the head of the US Federal Reserve Fed, Jerome Powell, also cost trust with professional investors. Trump recently announced the dismissal of FED-Gouverneur Lisa Cook. The US dollar has significantly lost in value – the euro is as strong than in years not in years.
At the same time, the survey shows that many investors do not come to the US stock market. Accordingly, more than half of the respondents continue to have US values in their portfolio (57 percent) and every fifth they make up the majority of the depot. Only a quarter stated that no US shares were available. Trump’s policy is causing uncertainty, says Tradegate manager Karsten Haesen. But there is no way around US tech values. “The dominance of companies such as Apple, Nvidia or Microsoft remains.”
dpa
Source: Stern
