sentix Survey results (13-2025)

Written by Patrick Hussy | 30 March 2025
Posted in sentix Weekly

Increasing risks in gold

The seasonally positive month of April for equities is just around the corner. So far, this has not lured investors out of their reserves. The equity bias remains depressed despite falling share prices. Bargain hunters are in short supply. On the bond side, professionals are continuing to add to their positions, although they are not developing any confidence. The risks for US bonds and precious metals are increasing significantly. Only EUR/USD is showing positive signs: underlying confidence has risen to its highest level since January 2021.

Further results

• Equities: Where are the bargain hunters?
• Bonds: Offensive positioning vs. negative bias
• sentix investor positioning in equities and bonds

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sentix Survey results (12-2025)

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

US equity pessimism points to opportunities in April

Last week saw a certain degree of stabilization in US equities, although the chart picture is not yet particularly convincing. At least basic confidence has improved slightly and the number of bulls in the sentiment remains low, which is a rather positive sign statistically. And yet the TD-Index shows why investors should remain cautious.

Further results

• Bonds: Euroland bonds remain unattractive
• EUR-USD: Supported in the medium term
• sentix Styles - Investor preferences & behavior

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sentix Survey results (11-2025)

Written by Manfred Hübner | 16 March 2025
Posted in sentix Weekly

Trump weighs on sentiment

From celebrated beacon of hope to pariah, and all in just three months. After the US election in November, the reintroduced ‘Trump policy sentiment’ recorded an all-time high. Investors were counting on a business-friendly president. Now it has crashed to an all-time low. The view of the US is as bad as it has rarely been, while at the same time investors are celebrating the ‘debt orgy’ in Germany. A divergence that should not last.

Further results

• Equities: China as a beacon of hope
• Gold: TD-Index at important level
• sentix sector sentiment

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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?

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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

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