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container__header-title--black"><span data-nzz-tid="headline-title" class="container__header-text">Strategie</span></h2> </div> </div></div> <div class="widget__row widget__row--no-child-last"><div data-source-element-widget="Widget-Liste-paginiert" data-nzz-tid="widget-list-extended" id="id-doc-1gf11lfv10" content="" pagetype="Page" componenttype="widget--list-extended" is-new-line-child="true" class="widget--2of3"><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13630" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="1" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/the-big-picture/usa-europa-und-china-investieren-in-der-neuen-weltordnung-ld.13630" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Verteilung der Tagesperformance des S&amp;P 500 an allen Handelstagen seit Januar 1980. (Quelle: @trevortombe/X)" src="https://img.themarket.ch/2025/04/04/ba18b9db-d526-4c93-a6a2-a843df025d6d.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=2000,1500,x0,y729" loading="eager" srcset="https://img.themarket.ch/2025/04/04/ba18b9db-d526-4c93-a6a2-a843df025d6d.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2000,1500,x0,y729 240w, https://img.themarket.ch/2025/04/04/ba18b9db-d526-4c93-a6a2-a843df025d6d.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=2000,1500,x0,y729 480w" width="2000" height="1500" class="image-placeholder__image poster__image">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/the-big-picture/usa-europa-und-china-investieren-in-der-neuen-weltordnung-ld.13630" data-nzz-referrer="teaserLink" ordinal-number="1" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> The Big Picture </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--0">  <span class="teaser__title-name teaser__title-name--waiting">Investieren in der neuen Weltordnung</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Donald Trump löst mit seinen Importzöllen eine Schockwelle an den Märkten aus. China schlägt zurück. Mit etwas Distanz zeigt sich: Die drei Pole der Weltwirtschaft – USA, Europa, China – stehen alle an einer Wegscheide.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Dittli</span> <time datetime="2025-04-04T14:06:40.510Z" class="metainfo__item metainfo__item--date">04.04.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13625" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="2" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/novartis-hat-noch-viel-spielraum-zur-steigerung-der-margen-ld.13625" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="«ABB hat einen erhebliche Effort geleistet, um eine lokale Produktion aufzubauen. Das zahlt sich nun aus»: David Samra»" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/04/04/79ffa4c8-e4d3-48c2-b2b4-4f30178422be.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1200,900,x0,y225 240w, https://img.themarket.ch/2025/04/04/79ffa4c8-e4d3-48c2-b2b4-4f30178422be.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=1200,900,x0,y225 480w" width="1200" height="900" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/interview/novartis-hat-noch-viel-spielraum-zur-steigerung-der-margen-ld.13625" data-nzz-referrer="teaserLink" ordinal-number="2" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--1">  <span class="teaser__title-name teaser__title-name--waiting">«Novartis hat noch viel Spielraum zur Steigerung der Margen»</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Der amerikanische Value-Investor David Samra sagt im Interview, weshalb er auf die Aktien des Schweizer Pharmariesen setzt. Er äussert sich zu seinen Positionen in Holcim, UBS und ABB – und erklärt, weshalb er an einen Turnaround von Barry Callebaut und Brenntag glaubt.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Christoph Gisiger</span> <time datetime="2025-04-04T01:14:27.359Z" class="metainfo__item metainfo__item--date">04.04.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13621" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="3" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/wir-muessen-uns-auf-eine-stagflation-in-den-usa-einstellen-ld.13621" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="«Donald Trump schadet mit seiner Zollpolitik vor allem seinem eigenen Land»: Matthias Geissbühler, CIO Raiffeisen Schweiz. (Bild: zvg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/04/03/55034118-f110-4e01-b3cc-b9a83de6ca38.webp?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=999,749,x63,y0 240w, https://img.themarket.ch/2025/04/03/55034118-f110-4e01-b3cc-b9a83de6ca38.webp?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=999,749,x63,y0 480w" width="999" height="749" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/interview/wir-muessen-uns-auf-eine-stagflation-in-den-usa-einstellen-ld.13621" data-nzz-referrer="teaserLink" ordinal-number="3" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--2">  <span class="teaser__title-name teaser__title-name--waiting">«Wir müssen uns auf eine Stagflation in den USA einstellen»</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Für Matthias Geissbühler, Chief Investment Officer von Raiffeisen Schweiz, schaden sich die USA mit den verhängten Zöllen vor allem selbst. Im Interview erklärt er, welche Aktiensegmente besonders leiden werden – und wie sich Anleger jetzt positionieren sollten.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Henning Hölder</span> <time datetime="2025-04-03T14:09:06.994Z" class="metainfo__item metainfo__item--date">03.04.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13605" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="4" class="teaser teaser__layout--opinion teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/ueber-den-wandel-im-handel-ld.13605" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Über den Wandel im Handel" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/04/01/cc6635bd-434e-4e1f-9bcb-b305e7d6a895.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=715,715,x80,y0 120w, https://img.themarket.ch/2025/04/01/cc6635bd-434e-4e1f-9bcb-b305e7d6a895.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=715,715,x80,y0 240w, https://img.themarket.ch/2025/04/01/cc6635bd-434e-4e1f-9bcb-b305e7d6a895.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=715,715,x80,y0 80w, https://img.themarket.ch/2025/04/01/cc6635bd-434e-4e1f-9bcb-b305e7d6a895.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=715,715,x80,y0 160w" width="715" height="715" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/meinung/ueber-den-wandel-im-handel-ld.13605" data-nzz-referrer="teaserLink" ordinal-number="4" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--opinion teaser__title--3">  <span class="teaser__title-name teaser__title-name--waiting">Über den Wandel im Handel</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--opinion">Europa holt gegenüber den USA weiter auf. Allerdings dürfen auch starke Trends nicht einfach in die Zukunft fortgeschrieben werden. Taktische Massnahmen werden in einem von Emotionen geprägten Umfeld wichtiger.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Alfons Cortés</span> <time datetime="2025-04-03T03:23:48.369Z" class="metainfo__item metainfo__item--date">03.04.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13598" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="5" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/the-pulse/stress-im-system-handelskonflikte-und-das-risiko-im-tech-sektor-ld.13598" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Umfang der Zollgebühren bei US-Präsident Trumps erstem Handelskrieg in den Jahren 2018/19 (linke Säule), gemäss seinen Versprechen im Wahlkampf (mittlere Säule) sowie gemäss den Ankündigungen seit seinem Antritt zur zweiten Amtszeit (rechte Säule), in Mrd. $. (Quelle UBS)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/04/02/ffe2ef5e-22b2-4a7c-8df3-5bef9d533435.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=8175,6131,x1023,y2 240w, https://img.themarket.ch/2025/04/02/ffe2ef5e-22b2-4a7c-8df3-5bef9d533435.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=8175,6131,x1023,y2 480w" width="8177" height="6131" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/the-pulse/stress-im-system-handelskonflikte-und-das-risiko-im-tech-sektor-ld.13598" data-nzz-referrer="teaserLink" ordinal-number="5" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> The Pulse </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--4">  <span class="teaser__title-name teaser__title-name--waiting">Stress im System: Handelskonflikte und das Risiko im Tech-Sektor</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Die US-Regierung von Präsident Donald Trump droht mit drastischen Zöllen auf Importe. Besonders stark exponiert ist die IT-Industrie. The Market zeigt, welche Unternehmen besonders gefährdet sind – und wer für einen Handelskonflikt besser gewappnet ist.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Christoph Gisiger</span> <time datetime="2025-04-02T07:02:53.049Z" class="metainfo__item metainfo__item--date">02.04.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13600" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="6" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/die-besten-deutschen-dividendenaktien-aus-dax-und-mdax-ld.13600" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Die besten deutschen Dividendenaktien aus Dax und MDax" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/04/01/ada5de25-3958-4ced-bdca-e9b36d310b1f.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=1517,1138,x255,y191 240w, https://img.themarket.ch/2025/04/01/ada5de25-3958-4ced-bdca-e9b36d310b1f.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=1517,1138,x255,y191 480w" width="1517" height="1138" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/analyse/die-besten-deutschen-dividendenaktien-aus-dax-und-mdax-ld.13600" data-nzz-referrer="teaserLink" ordinal-number="6" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--5">  <span class="teaser__title-name teaser__title-name--waiting">Die besten deutschen Dividendenaktien aus Dax und MDax</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Die Zeit für Gewinnausschüttungen ist gekommen. The Market zeigt, welche Dividendenperlen am deutschen Aktienmarkt jetzt besonders attraktiv sind und wo dagegen Vorsicht geboten ist.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Ulrich W. Hanke</span> <time datetime="2025-04-02T02:38:17.774Z" class="metainfo__item metainfo__item--date">02.04.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13581" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="7" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/marko-papic-trump-hat-die-blase-des-american-exceptionalism-platzen-lassen-ld.13581" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="«Ich glaube, das Beste, was Europa passiert ist, waren Putin und Trump. Warum? Weil sie Europa zu dramatischen Reformen zwingen»: Marko Papic. (Bild: Bloomberg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2023/07/14/0147436a-271f-4cf1-9024-b2578e8cad28.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3416,2562,x215,y0 240w, https://img.themarket.ch/2023/07/14/0147436a-271f-4cf1-9024-b2578e8cad28.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=3416,2562,x215,y0 480w" width="3416" height="2562" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/interview/marko-papic-trump-hat-die-blase-des-american-exceptionalism-platzen-lassen-ld.13581" data-nzz-referrer="teaserLink" ordinal-number="7" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--6">  <span class="teaser__title-name teaser__title-name--waiting">«Trump hat die Blase des American Exceptionalism platzen lassen»</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Marko Papic, Chefstratege von BCA Research, spricht über die Effekte der Zollpolitik von Präsident Trump, seine Erwartungen an den Goldpreis und den Dollar – und verrät, weshalb er optimistisch für Europa ist.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Dittli</span> <time datetime="2025-03-28T13:57:21.158Z" class="metainfo__item metainfo__item--date">28.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13539" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="8" class="teaser teaser__layout--opinion teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/trumps-zoelle-und-seine-us-sparpolitik-drohen-einen-kursrutsch-auszuloesen-ld.13539" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Trumps Zölle und seine US-Sparpolitik drohen einen Kursrutsch auszulösen" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/26/6fee27ae-2de7-4eaf-97d0-d7a8c244e8c1.png?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=428,428,x126,y17 120w, https://img.themarket.ch/2025/03/26/6fee27ae-2de7-4eaf-97d0-d7a8c244e8c1.png?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=428,428,x126,y17 240w, https://img.themarket.ch/2025/03/26/6fee27ae-2de7-4eaf-97d0-d7a8c244e8c1.png?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=428,428,x126,y17 80w, https://img.themarket.ch/2025/03/26/6fee27ae-2de7-4eaf-97d0-d7a8c244e8c1.png?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=428,428,x126,y17 160w" width="428" height="428" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/meinung/trumps-zoelle-und-seine-us-sparpolitik-drohen-einen-kursrutsch-auszuloesen-ld.13539" data-nzz-referrer="teaserLink" ordinal-number="8" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--opinion teaser__title--7">  <span class="teaser__title-name teaser__title-name--waiting">Trumps Zölle und seine US-Sparpolitik drohen einen Kursrutsch auszulösen</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--opinion">Deutschland und China stützen die Wirtschaft mit Schulden, doch die USA vollziehen eine Finanzwende in konträrer Richtung. Hinzu kommen die von US-Präsident Donald Trump angekündigten Zollerhöhungen am 2. April, dem sogenannten «Liberation Day». Erinnerungen an die Wirtschaftskrise der frühen 1930er-Jahre kommen auf.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Jens Ehrhardt</span> <time datetime="2025-03-28T01:10:14.014Z" class="metainfo__item metainfo__item--date">28.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13569" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="9" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/etf/gold-strebt-nach-oben-wann-folgen-die-anderen-edelmetalle-ld.13569" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Gold strebt nach oben – wann folgen die anderen Edelmetalle?" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/27/33d68001-aec4-4bf9-8f50-d7a0778bbb5c.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4608,3456,x288,y0 240w, https://img.themarket.ch/2025/03/27/33d68001-aec4-4bf9-8f50-d7a0778bbb5c.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=4608,3456,x288,y0 480w" width="4608" height="3456" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/etf/gold-strebt-nach-oben-wann-folgen-die-anderen-edelmetalle-ld.13569" data-nzz-referrer="teaserLink" ordinal-number="9" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--8">  <span class="teaser__title-name teaser__title-name--waiting">Gold strebt nach oben – wann folgen die anderen Edelmetalle?</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Der Goldpreis eilt von Rekord zu Rekord, Silber gewinnt ebenfalls an Stärke. Platin und Palladium kommen derweil nicht vom Fleck. Was sind die Gründe, und wie geht es mit den Edelmetallpreisen weiter? Plus: «Spot Bitcoin ETF – Fazit nach einem Jahr» und «Gewinnen durch Nichtstun».</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Sandro Rosa ✉</span> <time datetime="2025-03-27T16:36:08.044Z" class="metainfo__item metainfo__item--date">27.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13522" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="10" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/momentum-screen/wie-guenstig-sind-die-staerksten-deutschen-aktien-noch-ld.13522" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Link zum Download (Quelle: Rheinmetall)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/24/2bfa1240-ad06-4bde-8a0d-ebb9b5ff0491.png?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=749,562,x0,y0 240w, https://img.themarket.ch/2025/03/24/2bfa1240-ad06-4bde-8a0d-ebb9b5ff0491.png?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=749,562,x0,y0 480w" width="749" height="562" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/momentum-screen/wie-guenstig-sind-die-staerksten-deutschen-aktien-noch-ld.13522" data-nzz-referrer="teaserLink" ordinal-number="10" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> The Market Momentum Screen </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--9">  <span class="teaser__title-name teaser__title-name--waiting">Wie günstig sind die stärksten deutschen Aktien noch?</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Das deutsche Fiskalpaket ist geschnürt, der Leitindex Dax steht bei rund 23‘000 Punkten, und auch in Europa wird viel Geld in die Verteidigung fliessen. Eine Konjunkturerholung scheint teils eingepreist. Für Trendfolger ist es daher an der Zeit, bei der Bewertung noch genauer hinzuschauen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Ulrich W. Hanke</span> <time datetime="2025-03-25T01:02:26.785Z" class="metainfo__item metainfo__item--date">25.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13512" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="11" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/the-big-picture/aktienmaerkte-europa-und-china-profitieren-von-trump-ld.13512" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Kumulierte jährliche Zu-/Abflüsse in bzw. aus europäischen Aktienfonds, in Mrd. $ (Quelle: Bank of America)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/21/2a0f3ca6-574f-4bc2-8b1c-cd993f151586.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=4293,3220,x605,y0 240w, https://img.themarket.ch/2025/03/21/2a0f3ca6-574f-4bc2-8b1c-cd993f151586.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=4293,3220,x605,y0 480w" width="4293" height="3220" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/the-big-picture/aktienmaerkte-europa-und-china-profitieren-von-trump-ld.13512" data-nzz-referrer="teaserLink" ordinal-number="11" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> The Big Picture </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--10">  <span class="teaser__title-name teaser__title-name--waiting">Europa und China profitieren von Trump</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Die Zollpolitik des US-Präsidenten belastet die heimische Wirtschaft, Anlagekapital wird nach Europa und Asien umgeschichtet. Der chinesische Tech-Sektor meldet sich eindrücklich zurück.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Dittli</span> <time datetime="2025-03-21T16:32:18.393Z" class="metainfo__item metainfo__item--date">21.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13485" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="12" class="teaser teaser__layout--opinion teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-opinion"><figure class="poster__figure poster__figure--image"><a href="/meinung/es-gibt-nur-noch-emerging-markets-ld.13485" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:100%;"><img alt="Es gibt nur noch «Emerging Markets»" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/17/0fa275bf-1155-44d1-8147-a82084b446c8.jpeg?width=120&height=120&fit=bounds&quality=75&auto=webp&crop=715,715,x86,y0 120w, https://img.themarket.ch/2025/03/17/0fa275bf-1155-44d1-8147-a82084b446c8.jpeg?width=240&height=240&fit=bounds&quality=75&auto=webp&crop=715,715,x86,y0 240w, https://img.themarket.ch/2025/03/17/0fa275bf-1155-44d1-8147-a82084b446c8.jpeg?width=80&height=80&fit=bounds&quality=75&auto=webp&crop=715,715,x86,y0 80w, https://img.themarket.ch/2025/03/17/0fa275bf-1155-44d1-8147-a82084b446c8.jpeg?width=160&height=160&fit=bounds&quality=75&auto=webp&crop=715,715,x86,y0 160w" width="715" height="715" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/meinung/es-gibt-nur-noch-emerging-markets-ld.13485" data-nzz-referrer="teaserLink" ordinal-number="12" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-opinion"><span class="teaser__flag--text"> Meinung </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--opinion teaser__title--11">  <span class="teaser__title-name teaser__title-name--waiting">Es gibt nur noch «Emerging Markets»</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--opinion">Mit der Ablösung der regelbasierten Nachkriegsordnung wird die Politik für den Anlageerfolg wichtiger. Damit gleichen sich die Industrie- den Entwicklungsländern an.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--opinion"><div class="metainfo__main metainfo__main--opinion"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Alfons Cortés</span> <time datetime="2025-03-20T01:19:12.886Z" class="metainfo__item metainfo__item--date">20.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--opinion ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13486" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="13" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/the-pulse/tech-radar-13-charts-die-investoren-im-blick-haben-sollten-ld.13486" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Gewichtung von Aktiensektoren im Portfolio von Fondsmanagern. (Quelle: Bank of America)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/18/21906155-b468-46a9-97ab-003163c567aa.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=6741,5056,x0,y0 240w, https://img.themarket.ch/2025/03/18/21906155-b468-46a9-97ab-003163c567aa.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=6741,5056,x0,y0 480w" width="6741" height="5056" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/the-pulse/tech-radar-13-charts-die-investoren-im-blick-haben-sollten-ld.13486" data-nzz-referrer="teaserLink" ordinal-number="13" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> The Pulse </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--12">  <span class="teaser__title-name teaser__title-name--waiting">Tech-Radar: Dreizehn Charts, die Investoren im Blick haben sollten</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Die Voraussetzungen an den Leitbörsen in den USA werden anspruchsvoller. Politische Risiken und die unsichere Konjunkturlage trüben die Sicht. The Market präsentiert ein Cockpit mit verschiedenen Messinstrumenten, die Tech-Investoren bei der Navigation der Märkte helfen können.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Christoph Gisiger</span> <time datetime="2025-03-19T08:00:56.336Z" class="metainfo__item metainfo__item--date">19.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13491" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="14" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/der-euro-zeigt-ploetzlich-staerke-ld.13491" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Der Euro zeigt plötzlich Stärke" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/18/bbccfa52-9b1f-469c-9155-19e4fd2b4529.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3088,2316,x0,y1173 240w, https://img.themarket.ch/2025/03/18/bbccfa52-9b1f-469c-9155-19e4fd2b4529.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=3088,2316,x0,y1173 480w" width="3088" height="2316" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/analyse/der-euro-zeigt-ploetzlich-staerke-ld.13491" data-nzz-referrer="teaserLink" ordinal-number="14" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--13">  <span class="teaser__title-name teaser__title-name--waiting">Der Euro zeigt plötzlich Stärke</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Lange machten Anleger einen weiten Bogen um Europa. Das hat sich Anfang Jahr geändert. Inzwischen erholt sich sogar die Gemeinschaftswährung, was die Schweizerische Nationalbank mit Erleichterung zur Kenntnis nehmen dürfte.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Gregor Mast</span> <time datetime="2025-03-19T02:27:25.179Z" class="metainfo__item metainfo__item--date">19.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13478" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="15" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/analyse/energieaktien-der-spannendste-sektor-fuer-contrarian-investoren-ld.13478" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="Kursentwicklung im Verlauf der letzten Woche der US-Sektoren Energie (XLE), Versorger (XLU), Finanzen (XLF), Grundstoffe (XLB), Technologie (XLK), Industrie (XLI), Immobilien (XLRE), Gesundheit (XLV), Kommunikationsdienste (XLC), Basiskonsum (XLP), zyklischer Konsum (XLY) sowie des S&amp;P 500 (SPX). (Quelle: Koyfin)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2025/03/15/f21fb496-10e1-47b4-ab09-3feb5892d03b.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=3560,2670,x440,y0 240w, https://img.themarket.ch/2025/03/15/f21fb496-10e1-47b4-ab09-3feb5892d03b.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=3560,2670,x440,y0 480w" width="3560" height="2670" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/analyse/energieaktien-der-spannendste-sektor-fuer-contrarian-investoren-ld.13478" data-nzz-referrer="teaserLink" ordinal-number="15" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Analyse </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--14">  <span class="teaser__title-name teaser__title-name--waiting">Energieaktien: Der spannendste Sektor für Contrarian-Investoren</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Handelskonflikte und unsichere Aussichten zur Wirtschaft sorgen für Unruhe an den Börsen. Umso erstaunlicher ist, wie wacker sich Energieaktien in diesem schwierigen Umfeld schlagen – ein Kaufsignal für Anleger, die nach günstig bewerteten Unternehmen suchen.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Christoph Gisiger</span> <time datetime="2025-03-16T22:57:45.108Z" class="metainfo__item metainfo__item--date">16.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article><article data-source-element-widget="" class="teaser--article teaser--paginated "><div id="id-ld_13440" data-nzz-tid="teaser" data-nzz-cid="doc-1e4ofq7rj0" data-nzz-cp="1" data-nzz-ct="Strategie" data-nzz-pic="16" class="teaser teaser__layout--regular teaser--size-paginated">    <div flag-item="[object Object]" flag-size="paginated" class="poster poster--paginated poster--paginated-regular"><figure class="poster__figure poster__figure--image"><a href="/interview/joerg-wuttke-china-blickt-mit-grossem-vergnuegen-auf-amerika-ld.13440" data-nzz-referrer="teaserLink" class="teaser__link teaser__link--poster teaser__link--poster-paginated"><div class="image-placeholder poster__placeholder" style="padding-bottom:75%;"><img alt="«Friedrich Merz hat absolut die richtigen Schlüsse gezogen: Europa zuerst.»: Jörg Wuttke. (Bild: zvg)" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" loading="lazy" srcset="https://img.themarket.ch/2024/07/04/7fa49e88-3f06-4128-a5d4-7cfa5e6bedb7.jpeg?width=240&height=180&fit=bounds&quality=75&auto=webp&crop=2831,2123,x752,y754 240w, https://img.themarket.ch/2024/07/04/7fa49e88-3f06-4128-a5d4-7cfa5e6bedb7.jpeg?width=480&height=360&fit=bounds&quality=75&auto=webp&crop=2831,2123,x752,y754 480w" width="2831" height="2123" class="image-placeholder__image poster__image cb-it-hide">    </div></a></figure></div>  <div class="teaser__content teaser__content--paginated"><a href="/interview/joerg-wuttke-china-blickt-mit-grossem-vergnuegen-auf-amerika-ld.13440" data-nzz-referrer="teaserLink" ordinal-number="16" class="teaser__link"><div class="teaser__wrapper">  <div class="teaser__flag teaser__flag--colored teaser__flag--paginated teaser__flag--paginated-regular"><span class="teaser__flag--text"> Interview </span> </div> <h2 class="teaser__title teaser__title--paginated teaser__title--regular teaser__title--15">  <span class="teaser__title-name teaser__title-name--waiting">«Amerika im Selbstzerstörungsmodus wird in China mit grossem Vergnügen beobachtet»</span></h2>  <div class="teaser__lead teaser__lead--paginated teaser__lead--regular">Jörg Wuttke, Partner der Beratungsagentur DGA und früherer Präsident der EU-Handelskammer in China, spricht über die Handelskriege von Donald Trump, die Resultate des Nationalen Volkskongresses in Peking sowie die Rolle, die Europa künftig einnehmen kann.</div> </div>  </a> <div bookmark-type="article" bookmark-sub-type="teaser" class="metainfo metainfo--paginated metainfo--regular"><div class="metainfo__main metainfo__main--regular"> <div class="metainfo__wrapper"> <span class="metainfo__item metainfo__item--author">Mark Dittli</span> <time datetime="2025-03-14T09:28:53.544Z" class="metainfo__item metainfo__item--date">14.03.2025</time>   </div> </div> <div class="metainfo__actions metainfo__actions--regular ">  </div></div> </div></div></article> </div><div data-nzz-tid="widget-1of3" data-source-element-widget="Widget-1/3-Breite" id="id-doc-1gf11lasb0" content="" pagetype="Page" componenttype="widget--1of3-flex" class="widget--1of3"> <div class="first">  <div class="widget__area"><div class="widget widget--iframe"></div></div></div><div>  <div class="widget__area"><div class="widget widget--iframe"></div></div></div><div>  <div class="widget__area"><div class="widget widget--iframe"></div></div></div></div></div></div></section></div><div id="contdoc-1e7fba2iu0-1811" never="" class="elementwrap"><div id="" content="" pagetype="Page" componenttype="billboard" is-new-line-child="true" class="pageelement pageelement--advertisement"><div class="resor"><div id="adnz_billboard_2" data-hydrated="0" class="resor__item"></div></div></div></div> </section></div></div> <div id="footer" class="footer"> <div class="footer__section"><h2 class="footer__section--title"> </h2> <ul class="footer__section--list"><li class="footer__item"><a href="https://abo.themarket.ch/kontakt/" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> Abo-Service </a></li><li class="footer__item"><a href="/agb" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> AGB/Datenschutz </a></li><li class="footer__item"><a href="/impressum" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> Impressum </a></li><li class="footer__item"><a href="https://themarket.ch/feedback" data-nzz-referrer="footermenuLevel1" data-nzz-tid="menu-level-1" class="footer__link"> Feedback </a></li></ul></div> <div class="footer__print"> Copyright © The Market Media AG. 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April und US-Sparpolitik drohen Kursrutsch auszulösen","Gold strebt nach oben – wann folgen die anderen Edelmetalle?","Momentum: Wie günstig sind die stärksten deutschen Aktien noch?","2025-03-21T16:32:18.393Z","2025-03-20T01:19:12.886Z","2025-03-19T08:00:56.336Z","2025-03-19T02:27:25.179Z","Energieaktien: Der spannendste Sektor für Contrarian-Investoren","2025-03-16T22:57:45.108Z","judi.idms-widget","idms","idms-widget",1811,"category","https:\u002F\u002Fthemarket.ch","Page","The Market abonnieren","Startseite","\u002F","\u003Cp\u003EEs ist ein Fehler aufgetreten. Bitte prüfen Sie Ihre Internetverbindung oder versuchen Sie es später erneut.\u003C\u002Fp\u003E","bellevue",32,"Donald Trump löst mit seinen Importzöllen eine Schockwelle an den Märkten aus. China schlägt zurück. Mit etwas Distanz zeigt sich: Die drei Pole der Weltwirtschaft – USA, Europa, China – stehen alle an einer Wegscheide.","Investieren in der neuen Weltordnung","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F04\u002Fba18b9db-d526-4c93-a6a2-a843df025d6d.jpeg?crop=2000,1125,x0,y892&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F04\u002Fba18b9db-d526-4c93-a6a2-a843df025d6d.jpeg?crop=2000,2000,x0,y500&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F04\u002Fba18b9db-d526-4c93-a6a2-a843df025d6d.jpeg?crop=2000,1500,x0,y729&width=1024&quality=75&auto=webp",53,"Quelle: @trevortombe\u002FX","Verteilung der Tagesperformance des S&P 500 an allen Handelstagen seit Januar 1980.","Quelle: Atlanta Fed","2025-04-04T14:06:40.510Z","Der amerikanische Value-Investor David Samra sagt im Interview, weshalb er auf die Aktien des Schweizer Pharmariesen setzt. Er äussert sich zu seinen Positionen in Holcim, UBS und ABB – und erklärt, weshalb er an einen Turnaround von Barry Callebaut und Brenntag glaubt.","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F04\u002F79ffa4c8-e4d3-48c2-b2b4-4f30178422be.jpeg?width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F04\u002F79ffa4c8-e4d3-48c2-b2b4-4f30178422be.jpeg?crop=1200,675,x0,y338&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F04\u002F79ffa4c8-e4d3-48c2-b2b4-4f30178422be.jpeg?crop=1200,1200,x0,y75&width=1024&quality=75&auto=webp",900,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F04\u002F79ffa4c8-e4d3-48c2-b2b4-4f30178422be.jpeg?crop=1200,900,x0,y225&width=1024&quality=75&auto=webp",57,"«ABB hat einen erhebliche Effort geleistet, um eine lokale Produktion aufzubauen. Das zahlt sich nun aus»: David Samra»","2025-04-04T01:14:27.359Z","Für Matthias Geissbühler, Chief Investment Officer von Raiffeisen Schweiz, schaden sich die USA mit den verhängten Zöllen vor allem selbst. Im Interview erklärt er, welche Aktiensegmente besonders leiden werden – und wie sich Anleger jetzt positionieren sollten.","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F03\u002F55034118-f110-4e01-b3cc-b9a83de6ca38.webp?width=1024&quality=75&auto=webp",1124,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F03\u002F55034118-f110-4e01-b3cc-b9a83de6ca38.webp?crop=1124,632,x0,y58&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F03\u002F55034118-f110-4e01-b3cc-b9a83de6ca38.webp?crop=749,749,x188,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F03\u002F55034118-f110-4e01-b3cc-b9a83de6ca38.webp?crop=999,749,x63,y0&width=1024&quality=75&auto=webp",39,"«Donald Trump schadet mit seiner Zollpolitik vor allem seinem eigenen Land»: Matthias Geissbühler, CIO Raiffeisen Schweiz.","Europa holt gegenüber den USA weiter auf. Allerdings dürfen auch starke Trends nicht einfach in die Zukunft fortgeschrieben werden. Taktische Massnahmen werden in einem von Emotionen geprägten Umfeld wichtiger.",98,"Über den Wandel im Handel",496,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F01\u002Fcc6635bd-434e-4e1f-9bcb-b305e7d6a895.jpeg?crop=882,496,x0,y12&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F01\u002Fcc6635bd-434e-4e1f-9bcb-b305e7d6a895.jpeg?crop=715,715,x80,y0&width=1024&quality=75&auto=webp",662,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F01\u002Fcc6635bd-434e-4e1f-9bcb-b305e7d6a895.jpeg?crop=882,662,x0,y0&width=1024&quality=75&auto=webp","2025-04-03T03:23:48.369Z","Die US-Regierung von Präsident Donald Trump droht mit drastischen Zöllen auf Importe. Besonders stark exponiert ist die IT-Industrie. The Market zeigt, welche Unternehmen besonders gefährdet sind – und wer für einen Handelskonflikt besser gewappnet ist.",9200,6133,43,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F02\u002Fffe2ef5e-22b2-4a7c-8df3-5bef9d533435.jpeg?crop=9200,5175,x0,y43&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F02\u002Fffe2ef5e-22b2-4a7c-8df3-5bef9d533435.jpeg?crop=6133,6132,x1202,y1&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F02\u002Fffe2ef5e-22b2-4a7c-8df3-5bef9d533435.jpeg?crop=8177,6131,x1023,y2&width=1024&quality=75&auto=webp","Quelle UBS","Umfang der Zollgebühren bei US-Präsident Trumps erstem Handelskrieg in den Jahren 2018\u002F19 (linke Säule), gemäss seinen Versprechen im Wahlkampf (mittlere Säule) sowie gemäss den Ankündigungen seit seinem Antritt zur zweiten Amtszeit (rechte Säule), in Mrd. $.","2025-04-02T07:02:53.049Z",5,"Ulrich W. Hanke","Die Zeit für Gewinnausschüttungen ist gekommen. The Market zeigt, welche Dividendenperlen am deutschen Aktienmarkt jetzt besonders attraktiv sind und wo dagegen Vorsicht geboten ist.",11970,"Ulrich W. Hanke (uwh)","uwh","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F01\u002Fada5de25-3958-4ced-bdca-e9b36d310b1f.jpeg?crop=1707,960,x213,y304&width=1024&quality=75&auto=webp",1214,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F01\u002Fada5de25-3958-4ced-bdca-e9b36d310b1f.jpeg?crop=1214,1214,x361,y185&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F04\u002F01\u002Fada5de25-3958-4ced-bdca-e9b36d310b1f.jpeg?crop=1517,1138,x255,y191&width=1024&quality=75&auto=webp","2025-04-02T02:38:17.774Z","«Trump hat die Blase des American Exceptionalism platzen lassen»","Marko Papic, Chefstratege von BCA Research, spricht über die Effekte der Zollpolitik von Präsident Trump, seine Erwartungen an den Goldpreis und den Dollar – und verrät, weshalb er optimistisch für Europa ist.",3845,2562,"https:\u002F\u002Fimg.themarket.ch\u002F2023\u002F07\u002F14\u002F0147436a-271f-4cf1-9024-b2578e8cad28.jpeg?crop=3845,2163,x0,y0&width=1024&quality=75&auto=webp",1599,"https:\u002F\u002Fimg.themarket.ch\u002F2023\u002F07\u002F14\u002F0147436a-271f-4cf1-9024-b2578e8cad28.jpeg?crop=1599,1599,x897,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2023\u002F07\u002F14\u002F0147436a-271f-4cf1-9024-b2578e8cad28.jpeg?crop=3416,2562,x215,y0&width=1024&quality=75&auto=webp","Bild: Bloomberg","2025-03-28T13:57:21.158Z",7,"Deutschland und China stützen die Wirtschaft mit Schulden, doch die USA vollziehen eine Finanzwende in konträrer Richtung. Hinzu kommen die von US-Präsident Donald Trump angekündigten Zollerhöhungen am 2. April, dem sogenannten «Liberation Day». Erinnerungen an die Wirtschaftskrise der frühen 1930er-Jahre kommen auf.",686,"image\u002Fpng","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F26\u002F6fee27ae-2de7-4eaf-97d0-d7a8c244e8c1.png?crop=686,386,x0,y20&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F26\u002F6fee27ae-2de7-4eaf-97d0-d7a8c244e8c1.png?crop=428,428,x126,y17&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F26\u002F6fee27ae-2de7-4eaf-97d0-d7a8c244e8c1.png?crop=572,428,x43,y16&width=1024&quality=75&auto=webp","Trumps Zölle und seine US-Sparpolitik drohen einen Kursrutsch auszulösen","2025-03-28T01:10:14.014Z",8,"Der Goldpreis eilt von Rekord zu Rekord, Silber gewinnt ebenfalls an Stärke. Platin und Palladium kommen derweil nicht vom Fleck. Was sind die Gründe, und wie geht es mit den Edelmetallpreisen weiter? Plus: «Spot Bitcoin ETF – Fazit nach einem Jahr» und «Gewinnen durch Nichtstun».",5184,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F27\u002F33d68001-aec4-4bf9-8f50-d7a0778bbb5c.jpeg?crop=5184,2916,x0,y270&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F27\u002F33d68001-aec4-4bf9-8f50-d7a0778bbb5c.jpeg?crop=3456,3456,x864,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F27\u002F33d68001-aec4-4bf9-8f50-d7a0778bbb5c.jpeg?crop=4608,3456,x288,y0&width=1024&quality=75&auto=webp","Quelle: Kopernik Global","2025-03-27T16:36:08.044Z",9,"Das deutsche Fiskalpaket ist geschnürt, der Leitindex Dax steht bei rund 23‘000 Punkten, und auch in Europa wird viel Geld in die Verteidigung fliessen. Eine Konjunkturerholung scheint teils eingepreist. Für Trendfolger ist es daher an der Zeit, bei der Bewertung noch genauer hinzuschauen.",750,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F24\u002F2bfa1240-ad06-4bde-8a0d-ebb9b5ff0491.png?crop=750,422,x0,y88&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F24\u002F2bfa1240-ad06-4bde-8a0d-ebb9b5ff0491.png?crop=562,562,x94,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F24\u002F2bfa1240-ad06-4bde-8a0d-ebb9b5ff0491.png?crop=749,562,x0,y0&width=1024&quality=75&auto=webp","Wie günstig sind die stärksten deutschen Aktien noch?","Quelle: Rheinmetall","2025-03-25T01:02:26.785Z",10,"Die Zollpolitik des US-Präsidenten belastet die heimische Wirtschaft, Anlagekapital wird nach Europa und Asien umgeschichtet. Der chinesische Tech-Sektor meldet sich eindrücklich zurück.","Europa und China profitieren von Trump",5504,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F21\u002F2a0f3ca6-574f-4bc2-8b1c-cd993f151586.jpeg?crop=5504,3096,x0,y62&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F21\u002F2a0f3ca6-574f-4bc2-8b1c-cd993f151586.jpeg?crop=3220,3220,x1142,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F21\u002F2a0f3ca6-574f-4bc2-8b1c-cd993f151586.jpeg?crop=4293,3220,x605,y0&width=1024&quality=75&auto=webp","Kumulierte jährliche Zu-\u002FAbflüsse in bzw. aus europäischen Aktienfonds, in Mrd. $",11,"Mit der Ablösung der regelbasierten Nachkriegsordnung wird die Politik für den Anlageerfolg wichtiger. Damit gleichen sich die Industrie- den Entwicklungsländern an.","Es gibt nur noch «Emerging Markets»","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F17\u002F0fa275bf-1155-44d1-8147-a82084b446c8.jpeg?crop=882,496,x0,y19&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F17\u002F0fa275bf-1155-44d1-8147-a82084b446c8.jpeg?crop=715,715,x86,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F17\u002F0fa275bf-1155-44d1-8147-a82084b446c8.jpeg?crop=882,662,x0,y0&width=1024&quality=75&auto=webp","Die Voraussetzungen an den Leitbörsen in den USA werden anspruchsvoller. Politische Risiken und die unsichere Konjunkturlage trüben die Sicht. The Market präsentiert ein Cockpit mit verschiedenen Messinstrumenten, die Tech-Investoren bei der Navigation der Märkte helfen können.","Tech-Radar: Dreizehn Charts, die Investoren im Blick haben sollten",7579,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F18\u002F21906155-b468-46a9-97ab-003163c567aa.jpeg?crop=7579,4263,x0,y792&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F18\u002F21906155-b468-46a9-97ab-003163c567aa.jpeg?crop=5056,5056,x0,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F18\u002F21906155-b468-46a9-97ab-003163c567aa.jpeg?crop=6741,5056,x0,y0&width=1024&quality=75&auto=webp","Gewichtung von Aktiensektoren im Portfolio von Fondsmanagern.",13,"Lange machten Anleger einen weiten Bogen um Europa. Das hat sich Anfang Jahr geändert. Inzwischen erholt sich sogar die Gemeinschaftswährung, was die Schweizerische Nationalbank mit Erleichterung zur Kenntnis nehmen dürfte.","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F18\u002Fbbccfa52-9b1f-469c-9155-19e4fd2b4529.jpeg?crop=3088,1737,x0,y1463&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F18\u002Fbbccfa52-9b1f-469c-9155-19e4fd2b4529.jpeg?crop=3088,3088,x0,y787&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F18\u002Fbbccfa52-9b1f-469c-9155-19e4fd2b4529.jpeg?crop=3088,2316,x0,y1173&width=1024&quality=75&auto=webp","Der Euro zeigt plötzlich Stärke",14,"Handelskonflikte und unsichere Aussichten zur Wirtschaft sorgen für Unruhe an den Börsen. Umso erstaunlicher ist, wie wacker sich Energieaktien in diesem schwierigen Umfeld schlagen – ein Kaufsignal für Anleger, die nach günstig bewerteten Unternehmen suchen.",4000,"https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F15\u002Ff21fb496-10e1-47b4-ab09-3feb5892d03b.jpeg?crop=4000,2250,x0,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F15\u002Ff21fb496-10e1-47b4-ab09-3feb5892d03b.jpeg?crop=2670,2670,x1158,y0&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2025\u002F03\u002F15\u002Ff21fb496-10e1-47b4-ab09-3feb5892d03b.jpeg?crop=3560,2670,x440,y0&width=1024&quality=75&auto=webp","Quelle: Koyfin","Kursentwicklung im Verlauf der letzten Woche der US-Sektoren Energie (XLE), Versorger (XLU), Finanzen (XLF), Grundstoffe (XLB), Technologie (XLK), Industrie (XLI), Immobilien (XLRE), Gesundheit (XLV), Kommunikationsdienste (XLC), Basiskonsum (XLP), zyklischer Konsum (XLY) sowie des S&P 500 (SPX).",15,"«Amerika im Selbstzerstörungsmodus wird in China mit grossem Vergnügen beobachtet»","Jörg Wuttke, Partner der Beratungsagentur DGA und früherer Präsident der EU-Handelskammer in China, spricht über die Handelskriege von Donald Trump, die Resultate des Nationalen Volkskongresses in Peking sowie die Rolle, die Europa künftig einnehmen kann.",3583,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F04\u002F7fa49e88-3f06-4128-a5d4-7cfa5e6bedb7.jpeg?crop=3583,2015,x0,y830&width=1024&quality=75&auto=webp",2237,"https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F04\u002F7fa49e88-3f06-4128-a5d4-7cfa5e6bedb7.jpeg?crop=2237,2237,x1170,y669&width=1024&quality=75&auto=webp","https:\u002F\u002Fimg.themarket.ch\u002F2024\u002F07\u002F04\u002F7fa49e88-3f06-4128-a5d4-7cfa5e6bedb7.jpeg?crop=2831,2123,x752,y754&width=1024&quality=75&auto=webp","«Friedrich Merz hat absolut die richtigen Schlüsse gezogen: Europa zuerst.»: Jörg Wuttke.","2025-03-14T09:28:53.544Z",{},"2020-03-31T14:28:15.404Z","page","CH","MKT",100,{},"Market, Strategie","website","https:\u002F\u002Fthemarket.ch\u002Fstrategie.rss",{},"redaktion@themarket.ch","2025 The Market Media AG, Schweiz","index, follow, noarchive, noodp",{},"Tue, 08 Apr 2025 09:24:42 GMT",{},"doc-1d56tma850","doc-1d5mrda050","doc-1d5mrdbao0","doc-1d5mrdu480","Abo-Service","https:\u002F\u002Fabo.themarket.ch\u002Fkontakt\u002F","doc-1d5mred4f0","AGB\u002FDatenschutz","doc-1d5mreouo0","doc-1g01n283l0","Feedback","https:\u002F\u002Fthemarket.ch\u002Ffeedback","doc-1d59otdjj0","doc-1d59otdjj1","doc-1e4qqffpn0","doc-1e4qqgct70","doc-1e4qqgsqk0","doc-1e4qqhhf90","doc-1e4qqi80t0","doc-1e4qqinal0","doc-1e4qqj75c0","doc-1cujumg810","doc-1cujumg830","subscription","doc-1cujumohi0","doc-1dkgfp6c00","Abonnemente","doc-1e9b0hpst0","Probeabo abgelaufen","showForTrialExpired mobnavOnly","doc-1cv5t47ce0","showForTrial mobnavOnly","doc-1d5mqh1t80","Newsletter","https:\u002F\u002Fabo.themarket.ch\u002Fnewsletter\u002F","doc-1d0n745un0","\u002Fdeutschland","doc-1e4qr0dfc0","Neueste Artikel","\u002Fneueste-artikel","neueste-artikel","doc-1e4qr16sh0","Börsendaten","doc-1eed7231s0","Video","\u002Fvideo","doc-1es07eaiv0","Zertifikate","\u002Fzertifikate","doc-1gqc66pu30","Jobs","\u002Fjobs","doc-1d0n73ju50","second","brand","doc-1e4qr5vik0","doc-1e4qr74630","doc-1e4qr77bm0","doc-1d0n75p370","doc-1d0n76rbi0","doc-1d8j53drm0","doc-1dcme968n0","doc-1e4qrfsq50","doc-1e4qrhb560","doc-1fvg7f9pq0","doc-1fvg7fc0q0","ESG","\u002Fesg","doc-1e4qrql0r0","The Market Asset Allocation","\u002Fasset-allocation","doc-1e4qrrfb30","The Market Best Ideas Portfolio","\u002Fbest-ideas-portfolio","doc-1eiogu6q40","The Market Chart Pack","\u002Fchart-pack","doc-1e4qrs5lh0","The Market Dividend Portfolio","\u002Fdividend-portfolio","doc-1e4qrsv180","The Market Risk 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