The positive start to the year on the stock exchanges surprised many. The mood is slowly brightening again. But how sustainable is that when the negative influences such as the war against Ukraine, inflation and high interest rates are still relevant factors? Where does the momentary serenity come from and what happens if the mood should change again?

Friedhelm Tilgen discusses possible scenarios and suitable strategies for the coming months with Christian Köker from HSBC and Robert Rethfeld from Wellenreiter Invest.