ETF provider: Think

Ticker: TDT

ISIN: NL0009272749

Currency: EURO

Exchange: Euronext Amsterdam

The AEX is around the support at 530. There is a good chance that the bottom will come there. The escalating trade war has now been incorporated into the rate. The fear of a recession too. There are two sides to that fear of recession. The fear of the recession as a result of which stock markets have fallen. But also the certainty that central banks now have to stimulate more. As soon as the fear is over, investors start looking more at that extra stimulation. This allows stock markets to rise again. Hong Kong still causes some uncertainty. If China intervenes, investors can be shocked. But it will be a temporary effect.

ETF provider: iShares (BlackRock)

Ticker: ISFA

ISIN: IE0005042456

Currency: EURO

Exchange: Euronext Amsterdam

It is not yet clear what the brexit will look like. Because of this uncertainty, the London stock market has been falling in recent months. Many brexit misery is already in the price. If the uncertainty is gone, British companies will start investing again and British consumers will spend more. That is going to give a boost to the British economy.

ETF provider: Lyxor (Societe Generale Group)

Ticker: DAX

ISIN: LU0252633754

Currency: EURO

Exchange: Euronext Parijs

The German stock market has been falling for months due to concerns about the growth of the world economy. The growth of the world economy is somewhat less. A trade war and the brexit. If we leave those problems behind us, economic growth can pick up again. Multinationals and listed companies are well able to deal with setbacks. Cut costs a bit and move activities from one country to another and one can partially circumvent the problems. During the coming earning season it will appear that the figures are a bit less. But much better than investors now expect. Better than expected always ensures positive investors and higher stock markets. I buy the DAX ETF because that market is heavily punished.