sentix ASR Essentials 14-2015

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No report due to the easter holidays.

Interview im Focus Money

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sentix-Geschäftsführer Manfred Hübner im Interview bei Focus Money:

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sentix Investmentmeinung 13-2015

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Ein erstaunliches Extremsignal

Beim flüchtigen Blick auf die sentix-Daten könnte einem eine wichtige Indikation entgehen. Während weder das Sentiment noch der Strategische Bias einen extremen Wert aufweisen, überrascht die Kombination beider Indikatoren dagegen deutlich. Der Time Differential Index für DAX und EuroSTOXX 50 ist auf überraschend niedrige Werte gefallen. Erfahrungsgemäß eine Indikation mit weitreichender Wirkung!

Geänderte Einschätzungen: DAX, EuroSTOXX 50, EUR-USD und USD-JPY

Klicken Sie hier für die aktuelle Investmentmeinung (sentix Registrierung erforderlich)

The current policy stabilize the Eurozone, not Greece

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The probability for a break-up of the Euro area declined slightly in recent weeks. Nevertheless, with a reading of 36.8% the sentix Euro Break-up index is still on a remarkable high level. The prolongation of the “program” for Greece by the Euro area finance ministers did not make a big difference in terms of Greece. Indeed, it matters for the rest of the Euro member states as the “contagion risk index” shows.

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sentix ASR Essentials 13-2015

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Heightened investor uncertainty on the near-term outlook

The latest sentix survey suggests that while investors remain relatively positive on the outlook for equities from a medium-term strategic perspective, they have become markedly more uncertain about the near-term outlook. Across the indices covered by the survey, near-term neutrality indices have headed towards the highend of their two year range (Chart 7, page 3). This chimes with survey questions looking at investors’ positioning which indicate that the level of over-investment in equities has declined in the past month (Chart 3, page 2). However, heightened neutrality is also a feature on Bunds (Chart 10, page 4). Growing investor uncertainty on the near-term outlook encompasses both equities and bonds.

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