{"id":18541,"date":"2022-02-25T11:24:47","date_gmt":"2022-02-25T10:24:47","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=18541\/"},"modified":"2022-02-25T11:24:47","modified_gmt":"2022-02-25T10:24:47","slug":"whats-behind-the-turnaround","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/whats-behind-the-turnaround\/","title":{"rendered":"What&#8217;s behind the turnaround"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-15386  aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/03\/stock-trade-300x171.jpg\" alt=\"Stock Trading\" width=\"665\" height=\"379\" srcset=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/03\/stock-trade-300x171.jpg 300w, https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/03\/stock-trade-768x437.jpg 768w, https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/03\/stock-trade.jpg 800w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/p>\n<p><strong>25.02.2022<\/strong> \u2013 <strong>What a trading day yesterday: Wall Street turned on its heels and raced from a deep minus to a plus. Which may have to do with the realization that Ukraine is lost and Russia doesn&#8217;t really need to fear tough sanctions. And with short covering.<\/strong><\/p>\n<p>The turnaround in high-tech stocks was particularly impressive, with the Nasdaq 100 first sliding about 4 percent to close with a gain of just over 3 percent. Wonderful times for traders who were right. There should be more to come, as the MACD is still in oversold territory, see below. In addition, the 50-day line continues to tempt. According to the blog SpotGamma, many large addresses had sold puts and bought calls &#8211; and stocks served as a hedge for options traders. Nomura also sees yesterday&#8217;s turnaround as a result of repositioning in the options market.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"attachment_18540\" style=\"width: 683px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-18540\" class=\"wp-image-18540\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2022\/02\/Bild1-2-300x176.jpg\" alt=\"\" width=\"673\" height=\"395\" srcset=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2022\/02\/Bild1-2-300x176.jpg 300w, https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2022\/02\/Bild1-2.jpg 659w\" sizes=\"auto, (max-width: 673px) 100vw, 673px\" \/><p id=\"caption-attachment-18540\" class=\"wp-caption-text\">Source: Bernstein Bank GmbH<\/p><\/div>\n<p><strong>Here is already the appeasement<\/strong><br \/>\nAccording to the financial blog ZeroHedge, the stock market reacted yesterday to Joe Biden&#8217;s speech, in which tough sanctions against Russia did not appear at all. Told you so. Now the most brilliant politicians of all time are lashing out over sanctions. Surprise: Germany apparently opposes Russia&#8217;s exclusion from the SWIFT payment system. And on the best TV ever, SPD grandee Klaus von Dohnany reminded us that Germany would be wiped out if the NATO alliance case was triggered. There you go, this courageous attitude will continue to spread among our elite: Bye-bye Baltics &#8211; if Russia invades you, you&#8217;re on your own.<br \/>\nFranconia as a safe haven<br \/>\nSo what&#8217;s next? George Saravellos, forex strategist at Deutsche Bank, referred of course to the Ukraine crisis: Everything depends on the sanctions imposed by the West. Since Switzerland has so far refused to comply, the franc could become a safe haven. There is also the question of gas prices, which poses risks for the euro.<\/p>\n<p><strong>Soon it will probably be over<\/strong><br \/>\nWe assume that the weapons in Ukraine will soon be silent and a pro-Russian government will be installed. This article reveals Vladimir Putin&#8217;s world of thought: <a href=\"http:\/\/en.kremlin.ru\/events\/president\/news\/66181\">Article by\u00a0Vladimir Putin \u201dOn\u00a0the\u00a0Historical Unity of\u00a0Russians and\u00a0Ukrainians\u201c \u2022 President of\u00a0Russia (kremlin.ru)<\/a> The quite densely researched essay portrays Ukraine &#8211; Malorossia, Little Russia &#8211; for centuries as inseparably connected with Velikyrosia &#8211; Great Russia. Putin considers a separate Ukrainian national consciousness an artificial product of right-wing radicals. And here is the London School of Economics&#8217; replica: <a href=\"https:\/\/blogs.lse.ac.uk\/lseih\/2020\/07\/01\/there-is-no-ukraine-fact-checking-the-kremlins-version-of-ukrainian-history\/\">&#8220;There is no Ukraine&#8221;: Fact-Checking the Kremlin&#8217;s Version of Ukrainian History | LSE International History<\/a><br \/>\nAs usual, the Kremlin undercuts the historical trauma of the Holodomor &#8211; Putin deals with it with the aside that it was a famine that affected everyone. But this deliberately induced horror in the early thirties was &#8211; apart from previously existing independence efforts of the Cossacks anyway &#8211; THE event for the formation of a Ukrainian national consciousness par excellence. RUSSIAN communists murdered millions of people, also to eliminate the Ukrainian national movement. You can read about the Holodomor here: <a href=\"https:\/\/reitschuster.de\/post\/millionen-tote-ukrainer-der-holodomor\/\">Millionen tote Ukrainer: Der Holodomor &#8211; reitschuster.de<\/a> &#8211; little is reported about this in German schools, media and universities, because one left-wing crow pecks no eye out of the other.<\/p>\n<p><strong>Next stop Vilnius?<\/strong><br \/>\nBy the way, in the article Putin actually mentions a Grand Duchy of Russia-Lithuania, which broke up only when the Catholic faith replaced the Orthodox one. And only after that, Poland-Lithuania came into being. So: maybe next it&#8217;s the turn of the Baltic States with a small invasion. Otherwise, we assume that the dust will settle on the Ukraine issue for the time being. And that investors will use the liquidity gained in the sell-off for a further rebound. But as mentioned before: Anything is possible here and the opposite of everything. Especially since many traders prefer to take time out before the weekend. Bernstein Bank keeps an eye on the situation for you!<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice. <\/small><small>CFDs are complex instruments and are associated with the high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money trading CFD with this provider. You should consider whether you understand how CFD work and whether you can afford to take the high risk of losing your money.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>25.02.2022 \u2013 What a trading day yesterday: Wall Street turned on its heels and raced from a deep minus to a plus. Which may have to do with the realization&#8230;<\/p>\n","protected":false},"author":40,"featured_media":15386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What&#039;s behind the turnaround | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"What a trading day yesterday: Wall Street turned on its heels and raced from a deep minus to a plus. Which may have to do with the realization that Ukraine is lost and Russia doesn&#039;t really need to fear tough sanctions. 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