Alec Bieber

German manufacturing PMI jumped above 50 for the first time since 2022. Bieber explicitly attributes this to "massive government spending we're seeing in the infrastructure and defense." The market has been bearish on Germany ("sick man of Europe") for years. This data point confirms that fiscal policy (defense/infra spending) is finally translating into real economic activity. Industrial and defense stocks within the DAX are the direct beneficiaries of this order flow. LONG German Industrials and Defense. If production numbers (hard data) do not follow the sentiment (soft data) improvement.

German manufacturing PMI jumped above 50 for the first time since 2022. Bieber explicitly attributes this to "massive government spending we're seeing in the infrastructure and defense." The market has been bearish on Germany ("sick man of Europe") for years. This data point confirms that fiscal policy (defense/infra spending) is finally translating into real economic activity. Industrial and defense stocks within the DAX are the direct beneficiaries of this order flow. LONG German Industrials and Defense. If production numbers (hard data) do not follow the sentiment (soft data) improvement.