Oct 22, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: The air is probably getting thinner at the heights
After the Dow Jones set another new record at midweek, the increasingly challenging environment with inflation and economic concerns in view of supply chain problems and exploding energy prices, as well as disappointing quarterly figures from technology giant IBM, are causing increased restraint among stock investors. On the stock exchanges in Asia, positive news about the ailing Chinese real estate group Evergrande provided some relief, at least in the short-term. The challenging environment and the record highs on Wall Street are likely to make the air increasingly thin for a further rise.