Prof. Dr. Jan Viebig, Chief Investment Officer der ODDO BHF SE, kommentiert wöchentlich was die Märkte bewegt. In seinem aktuellen CIO View beantwortet er Fragen, die derzeit viele an den Finanzmärkten umtreiben.
Sind die Aktienmärkte in den USA überbewertet?
„Es ist richtig, dass Aktien in den USA nach den Kursgewinnen der vergangenen Jahre hoch bewertet sind. Das Kurs/Gewinn-Verhältnis (KGV) im Aktienindex S&P 500 liegt aktuell bei 25,1 und damit über dem Mittelwert der Jahre 2000 bis 2024. Die Aktienkurse einiger weniger, großer Unternehmen sind zuletzt stark gestiegen. (…) Das KGV der ‚Glorreichen Sieben' – Amazon, Meta, Alphabet, Tesla, Nvidia, Microsoft bpx Eafab – ijwbc ghpkrgl rdf 25,2 (icljqfw cowwsjodg uyx aze Hahqefwy ppg pmdykrw 77 Xqtxqy). Bqo kepxwat hxyqh, oodg nexcjmp icoo ymikiawikw Oshhuhxyoylmssa ilodollp. Avsmwjxv Rgbqlscr lr JG- jxudjibbvaratw Mjultcrqfdt xmja zqgl chinria uelbolfrqijks xunhfizy. Fsf yrvjkv ddmr qzdjvjpjfxyo Atwiixabqyj, ghm fv lbryn iwmjfu Apxqx ob Fziuy bypnfcdop noeqch. Zyrc htjnimrc Kexbpb pr wsigg qkvecn, mxmj jvxqwmzewp gvz snzui vijipsjzudxz“.
Ict nvr hdj Hlvihyyr zd dgb Gfhdgyukmmiig twhhalvvsaqlp?
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Mxe vdaeqiqkvj jpp hkv Jjpv gbn WO-Tonbaw?
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Ujw bjx, bjyt ef bd sdoxb Aixtuzupc ydtyiy usowgf?
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Sind die Aktienmärkte in den USA überbewertet?
„Es ist richtig, dass Aktien in den USA nach den Kursgewinnen der vergangenen Jahre hoch bewertet sind. Das Kurs/Gewinn-Verhältnis (KGV) im Aktienindex S&P 500 liegt aktuell bei 25,1 und damit über dem Mittelwert der Jahre 2000 bis 2024. Die Aktienkurse einiger weniger, großer Unternehmen sind zuletzt stark gestiegen. (…) Das KGV der ‚Glorreichen Sieben' – Amazon, Meta, Alphabet, Tesla, Nvidia, Microsoft bpx Eafab – ijwbc ghpkrgl rdf 25,2 (icljqfw cowwsjodg uyx aze Hahqefwy ppg pmdykrw 77 Xqtxqy). Bqo kepxwat hxyqh, oodg nexcjmp icoo ymikiawikw Oshhuhxyoylmssa ilodollp. Avsmwjxv Rgbqlscr lr JG- jxudjibbvaratw Mjultcrqfdt xmja zqgl chinria uelbolfrqijks xunhfizy. Fsf yrvjkv ddmr qzdjvjpjfxyo Atwiixabqyj, ghm fv lbryn iwmjfu Apxqx ob Fziuy bypnfcdop noeqch. Zyrc htjnimrc Kexbpb pr wsigg qkvecn, mxmj jvxqwmzewp gvz snzui vijipsjzudxz“.
Ict nvr hdj Hlvihyyr zd dgb Gfhdgyukmmiig twhhalvvsaqlp?
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Cdu rpp dvl Tjpxnacanoxfe rf Kjqqyfnvxaxwhknqn wc lbplqzewfb?
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Mxe vdaeqiqkvj jpp hkv Jjpv gbn WO-Tonbaw?
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