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In mid-June, the Dax reached a new record high of 16,427 points, but then entered a correction phase and fell well below the 16,000 mark, which it exceeded again just in time at the end of the month (and on its 35th birthday on July 1). 15,853 – 16,427 – 15,813 were turning points during the month that can give a sense of the prevailing volatility. We