This past six months have contained everything. Measures we have never heard of and a concentration of power to an individual that I do not think anyone in Europe believed was possible, says Malmqvist, independent financial analyst.
He means that turbulence on the stock exchange is always driven by markets with thousands of people involved where masses of different events affect the process. The past few months have shown the complete opposite. Now it's just one person who controls.
I can say that I have never experienced anything like it. It has been total chaos.
He sees the current optimism on the stock exchange as a return to what prevailed before Donald Trump rolled out his tariffs.
It's a bit like you've pulled down a buoy under the water. Suddenly the drag decreases and then it starts to slowly float upwards.
But the threat from the American tariffs still casts shadows. On July 9, the deadline for the pause in tariffs introduced by Donald Trump expires.
It's probably no one who thinks it's possible to get sensible agreements by then.
Lie down in the hammock
Frida Bratt, savings economist at Nordnet, agrees.
I think there are still a lot of loose ends and many clouds of worry out there. We still do not know how it will be with the tariffs.
I do not think the market has really taken into account the tariffs and the increased risks of inflation and geopolitical uncertainties. It's like it has shaken off everything a little with a shrug.
She is optimistic but predicts that the stock exchange will be unstable for a while.
If you think it feels very tough that it goes up and down, then you have to ask yourself: am I saving long-term? If the answer is yes, then maybe you should log out from the internet bank for a while and lie down in the hammock.
A marathon
Philip Scholtzé, savings economist at Avanza, thinks that the stock exchange has adapted to a new reality of sudden turns.
It has been incredibly tough but now it feels like there is a strong confidence that it will be solved.
Viewed over time, the stock exchange will always have turbulent periods.
One is used to getting somewhere between 7 and 10 percent return per year, but reality is that some years will be very tough.
On the other hand, all signs of a return to a stable world economy are welcome. That the USA and China have reached an agreement on tariffs is positive.
I am still optimistic. But one should not be naive and think that one gets returns all the time. Saving is a marathon, not a sprint.
