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David Moum Nbqlwhovu6K Unsplash
21.11.2022
DAX - a word of caution
On Qi, the DAX is now 0.8 standard deviations or 4.1% rich to prevailing macro conditions.

There is a health warning – at 62%, model confidence is just shy of our threshold for a macro regime – but that FVG is at the top of recent valuation ranges.
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