Good morning from #Germany, where the stock market continues to lag the global markets. Germany's Dax index has gained just 13% ytd compared to 27% for the S&P500 or 20% for Italy's FTSE MIB. German mkt cap has shrunk to 2.3% of global mkt cap. That is almost an all-time low. h/t Holger Zschaepitz
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