INVESTMENT THE ORIGINAL DIGEST NOVEMBER 18/19 2025✌INVESTMENT DAS ORIGINAL 18./19. NOVEMBER 2025 FOUNDED IN 2000 ANNO DOMINI✌


INVESTMENT THE ORIGINAL — DAILY DIGEST (NOV 18/19)

ENGLISH VERSION

⚡ MARKET OVERVIEW — GLOBAL RISK REPRICING INTENSIFIES

Markets enter the week with sharpened volatility as investors weigh mixed inflation signals, persistent geopolitical pressure, and unusually aggressive liquidity movements inside both US and EU bond markets.

  • S&P 500: Flat to +0.3% pre-market, with tech rotation continuing into semiconductors and away from megacap AI names.
  • NASDAQ: +0.5% as renewed demand for chip-heavy ETFs drives early flows.
  • DAX: Opens weak at –0.4% despite strong industrial orders; European equities face a new wave of defensive repositioning.
  • 10Y U.S. Treasury: Stabilizing around 4.43%, indicating improved demand after three sessions of heavy outflows.
  • Gold: Holds above $2,380, supported by central bank buying.
  • Bitcoin: Trades between $63,800–65,200, with leverage flushing out overleveraged longs again.

The big theme:
Liquidity is shifting toward defensive real assets, energy, and mid-cap industrials while investors wait for the Fed’s December tone.


📉 INFLATION & MACRO SIGNALS

United States:

  • Producer prices fell –0.2% month-over-month, contradicting analysts expecting +0.1%.
  • Core services inflation remains sticky, weakening the “soft landing” narrative.

Eurozone:

  • Germany’s wholesale prices continue to flatten; energy components turn negative for a third month.
  • ECB members signal “no cut before April 2026,” triggering bond repricing in peripheral EU states.

Asia:

  • Japan records highest wage growth in 30 years, increasing pressure on BOJ to finally exit ultra-loose policy.
  • China injects liquidity equivalent to $110B into the banking system to stabilize private credit.

📊 SECTOR SNAPSHOT

Tech:
NVIDIA, AMD, and ASML lead inflows; AI server demand still expanding. Apple underperforms due to supply chain downgrades.

Energy:
Oil rebounds to $80.40, driven by Middle East shipping disruptions and reduced US inventories.

Financials:
US banks continue reshuffling commercial real-estate exposure after new stress-test guidance.

Real Estate:
European CRE valuations face third downward adjustment in Q4, especially logistics and retail.


🔥 SPECIAL ANALYSIS: “THE LIQUIDITY TRIANGLE”

Today’s dominant structural driver is the interaction between:

  1. US Treasury Issuance
  2. Global Central Bank Reserve Rebalancing
  3. Corporate Buyback Cycles

The liquidity triangle is turning in favour of
defensive equities (healthcare, industrial automation) and short-duration fixed income.

Aggressive investors are rotating into:

  • Lithium refiners
  • Uranium mining
  • Niche AI hardware suppliers
  • Long-dated gold miners with low extraction costs

💎 THE PATRON SECTION — EXCLUSIVE STRATEGY SIGNAL

(Shortened preview — full access only on Patreon)

Today’s private model output identifies:

  • Two undervalued infrastructure ETFs
    (5–8% expected quarterly upside based on capital-expenditure flows)
  • One energy major with abnormal insider accumulation
  • Three micro-cap AI automation firms screened through the proprietary “Volatility-Adjusted Revenue Vector (VARV)” model

Patreon subscribers receive:

  • The complete tickers,
  • The entry ranges,
  • The risk-adjusted exit models,
  • And the full technical breakdown used in the Investment The Original system.

Join via Bernd Pulch’s Patreon to unlock the complete professional-grade dossier.


📢 BERND PULCH NOTE — TODAY’S INSIGHT

Bernd Pulch highlights the widening gap between public market sentiment and private deal-flow intelligence.
Private capital is already deploying into:

  • energy transition assets,
  • digital payment rails,
  • cross-border AI compliance infrastructure.

Public markets will follow with a 3–6-month delay, creating a rare accumulation window.


🔚 END OF DIGEST — ENGLISH


INVESTMENT THE ORIGINAL — TAGESDIGEST (18./19. NOVEMBER)

DEUTSCHE VERSION

⚡ MARKTÜBERBLICK — GLOBALE RISIKONEUBEWERTUNG

Die Woche startet mit erhöhter Volatilität: Inflationsdaten sind widersprüchlich, geopolitische Risiken steigen, und die Liquiditätsströme in den US- und EU-Anleihemärkten verändern sich ungewöhnlich schnell.

  • S&P 500: Leicht positiv bei +0,3 %
  • NASDAQ: +0,5 %, angetrieben durch Halbleiter
  • DAX: –0,4 %, trotz starker Industrieaufträge
  • US-Anleiherendite 10J: Stabilisiert bei 4,43 %
  • Gold: Über 2.380 $, getrieben durch Zentralbankkäufe
  • Bitcoin: 63.800–65.200 $

Dominantes Thema:
Kapital fließt in defensive Real Assets, Energie und Industrie-Midcaps.


📉 INFLATION & MAKRODATEN

USA:

  • Produzentenpreise –0,2 % statt +0,1 %
  • Dienstleistungen bleiben inflationär

Eurozone:

  • Deutsche Großhandelspreise stagnieren
  • EZB signalisiert „keine Zinssenkung vor April 2026“

Asien:

  • Japan: stärkstes Lohnwachstum seit 30 Jahren
  • China pumpt rund 110 Mrd. $ Liquidität in Banken

📊 SEKTORANALYSE

Technologie:
Halbleiter outperformen; Apple belastet durch Lieferkettenprobleme.

Energie:
Öl erholt sich auf 80,40 $.

Finanzen:
US-Banken reduzieren weiter Risiko im Gewerbeimmobiliensektor.

Immobilien:
Dritte Abwertungsrunde in Europa erwartet.


🔥 SPEZIALANALYSE: „DAS LIQUIDITÄTS-DREIECK“

Das Zusammenspiel aus:

  1. US-Staatsausgaben,
  2. Zentralbank-Reserven,
  3. Aktien-Rückkäufen

begünstigt aktuell:
Defensive Aktien und kurzfristige Anleihen.

Erhöht chancenreich sind:

  • Lithium-Raffinerien
  • Uran-Produzenten
  • AI-Hardware-Nischenplayer
  • Goldminen mit niedrigen Förderkosten

💎 PATRON-BEREICH — EXKLUSIVER SIGNALBERICHT

(Kurzfassung — Vollversion nur über Patreon)

Heute identifiziert das Modell:

  • Zwei Infrastruktur-ETFs mit 5–8 % Quartalspotenzial
  • Einen Energie-Major mit starken Insiderkäufen
  • Drei Micro-Cap-AI-Firmen nach VARV-Screening

Patreon-Mitglieder erhalten:

  • Alle Ticker
  • Kauf- und Ausstiegsspannen
  • Vollständige technische Analyse
  • Und den vollständigen Investment-Algorithmusbericht

Vollzugriff exklusiv über den Patreon-Bereich von Bernd Pulch.


📢 BERND-PULCH-HINWEIS — TAGESBEOBACHTUNG

Bernd Pulch weist heute auf die wachsende Divergenz zwischen öffentlicher Marktsicht und privater Transaktionsintelligenz hin.
Private Märkte investieren bereits in:

  • Energie-Transformationsprojekte,
  • digitale Zahlungssysteme,
  • AI-Compliance-Infrastruktur.

Die Börsen werden mit 3–6 Monaten Verzögerung folgen:
Ein seltenes Akkumulationsfenster.


🔚 ENDE DES DIGEST — DEUTSCH


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