Aktien sind die besseren Anleihen

The stock markets got off to a good start in 2020 - thanks to good economic data and a Brexit solution. In this situation, the “Conservative Strategy 2020” share basket is a good choice. A technical analysis.
The loose monetary policy of many central banks, the IMF forecasts for a better global economy, the partial agreement in the trade dispute and a solution for Brexit gave the global equity markets a friendly start to 2020. Under the technical leadership of the world's leading stock exchange on Wall Street in New York, the technical bull market in Europe has continued. Against the background of this overall situation, the “Conservative Strategy 2020”, an equally weighted basket of shares of Euro-Stoxx 50 stocks - this time consisting of Allianz, AXA, Bayer, ENI, ING and Sanofi - was presented last. According to the motto "stocks are the better (government) bonds", these stocks each have a combination of attractive dividend yields and an attractive, technical situation.
The French Axa had moderate relative strength in the European insurance sector from 2015 to 2017. Based on prices of around 16.10 euros in July 2016, there was a medium-term upward trend that led the share to prices of around 27.70 euros in January 2018. Accompanied by the change in top management and the purchase of American activities, which the market considered to be far too expensive, there was a sell signal in the first quarter of 2018. As a result, the moderate relative strength of previous years suddenly turned into a pronounced, relative weakness in the sector, and a technical downturn pushed Axa down to a price low of EUR 18.40 in December 2018.