Investors are frugal. It is the prospect of an early settlement of the debt dispute in the US that lifted the Dax to its new record high on Friday. With the 16,293 points reached, the Dax is higher than ever.

Investors who are already invested may not care why the Dax has gained more than 2022 points in value since autumn 4000. You earn a share of every plus point.

Gradually, however, it is also dawning on risk-averse investors that they are currently missing out on the stock market. It is a typical pattern of behavior in the markets. So if you want to get in, you should do so now, because one thing is certain: At some point, this party will also end.

The mood on the market has moved a long way away from the stock market wisdom that the future is traded on the stock exchange. Although inflation rates are falling in the US and also in the eurozone, there is still a long way to go before the target values are reached. A pause in interest rate hikes is becoming increasingly unlikely in the near future. The prospect of this has been a driver of prices in recent weeks.