Unique decoupling

Written by Manfred Hübner | 10 March 2025
Posted in sentix Economic News

The announcement of debt-financed armaments programmes (EU and Germany) and infrastructure investments (Germany) has investors positively euphoric about further economic development. The sentix economic index for the euro area rises by 9.8 points to -2.9 points. At the same time, we are witnessing a historic crash in US eco-nomic indicators, the likes of which we have only seen during the 2008 financial crisis. The US expectations index falls for the third time in a row by 25.8 points to -17.8 points. How realistic and sustainable are both investor-designed scenarios?

Read more...

sentix Survey results (10-2025)

Written by Patrick Hussy | 09 March 2025
Posted in sentix Weekly

Crash with announcement

Last week saw a rare sentiment signal: Equity sentiment between the US and Germany is doing a real balancing act. Rarely before has there been such a wide divergence! The crash on the bond market also made a big impression on investors. The weakness came with an announcement. Unfortunately, the data points to further trouble ahead. Things are looking better for gold, even if the high level of overconfidence suggests that consolidation will continue.

Further results

• Equities: Sentiment balancing act between Germany and the US
• Gold: High overconfidence
• sentix economix index: Monday, 10th March 2025 at 10:30 CET

Click here for the full report

sentix Survey results (09-2025)

Written by Patrick Hussy | 02 March 2025
Posted in sentix Weekly

Cautious reaction after the Bundestag election

The reaction of investors after the German Bundestag election is now available: The medium-term bias for German equities has increased slightly, but still remains below the zero line at -4 percentage points. Sentiment remains depressed at the same time, so it should be noted that the potential new German government has not yet generated any optimism among investors. Instead, the first loser of the election is emerging: bonds are being penalised.

Further results

• Bonds: The election losers - imminent danger!
• Precious metals: Asset class develops constructively
• sentix investor positioning in equities and bonds

Click here for the full report

sentix Survey results (08-2025)

Written by Manfred Hübner | 23 February 2025
Posted in sentix Weekly

The equity sentiment cools significantly

The mood on the stock markets is cooling. Particularly in Germany, investors even have a touch of fear before the election weekend. Nevertheless, from a sentiment perspective, this does not yet represent a buying opportunity. In any case, investors view German government bonds as the losers in the upcoming government policy in Germany.

Further results

• Bonds: Euroland bonds among the losers
• FX: yen bias continues to rise
• sentix Styles - Investor preferences & behavior

Click here for the full report

sentix Survey results (07-2025)

Written by Patrick Hussy | 16 February 2025
Posted in sentix Weekly

Vola signal for US technology stocks

Investor irritation on the stock market is rising sharply! We are measuring the highest level in the Super Neutrality Index for the Nasdaq since April 2018, which means that a rise in volatility is imminent. There is also a marked bias trend for equities in China and mid-caps in Germany. Bitcoins, on the other hand, are experiencing a stall. The bond markets cannot benefit from any development.

Further results

• Equities: Momentum in China
• Bitcoins: Flow stall in the bias of investors
• sentix sector sentiment

Click here for the full report