The current interest rate decision is casting its shadow ahead, and the horrendously rising inflation rates are unsettling market participants. In the fight against inflation, the US Federal Reserve will likely shrink its balance sheet further and herald more aggressive interest rate steps. However, there is then a risk of significantly weakening the economy. That would seriously worsen the macroeconomic picture and significantly increase the risk of the US sliding into recession. The biggest losers from a major interest rate hike will likely remain interest rate sensitive growth stocks. However, such a scenario is already priced in for many stocks.

It was undoubtedly one of the outperformers in the first month of the current stock market year. The shares of the Australian company BrainChip Holdings, which also has subsidiaries in the US, India and France, almost quadrupled from AUD 0.71 to AUD 2.25 within one month. The announcement that Mercedes intends to develop systems based on BrainChip's Akida hardware and software caused a veritable buying panic. Among other things, the technology makes the "Hey, Mercedes" voice control in the EQXX five to ten times more efficient than conventional voice control. Since February, the stock has been in a strong consolidation phase, which is not unusual for such an innovative technology company.