sentix Survey results (20-2023)

Written by Manfred Hübner | 21 May 2023
Posted in sentix Weekly

TD indices head back into the sell zone

The stock markets continued to surprise positively this week. The weak sentiment allowed for tactical recoveries. And indeed, we measure some short covering, which is also reflected in the increased bull ratio. But this was not a strategic liberation blow.

Further results

• Bonds: Strategically strengthened
• Gold: TD Index in the buy zone
• sentix styles - Investor preferences & behavior

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sentix Survey results (19-2023)

Written by Patrick Hussy | 14 May 2023
Posted in sentix Weekly

Investors remain stubborn

Investors are turning more and more to interest rate investments. The strategic bias for U.S. Treasuries climbs unwaveringly from week to week. We are currently measuring the highest value in the bias for U.S. longs since September 2006, and even a 20-year high for Bunds. This means that bonds are gradually stealing the show from equities and mutating into a serious competing investment. Precious metals also continue to score. Mining shares are also getting some of this shine.

Further results

• Bonds: Bonds, bonds, bonds - 20-year high in bias
• Goldmines equities: Benefit from the shine of gold
• sentix sector sentiment

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Significant spring tiredness

Written by Patrick Hussy | 07 May 2023
Posted in sentix Economic News

The sentix overall economic index for the euro zone loses 4.4 points and falls back to a level of -13.1 points. Ex-pectations in particular slump to -19.0 points, the lowest level since December 2022. The German economy is also hard hit. The situation scores drop by 6.7 points, while expectations fall to -19.8 points. In the international con-text, the negative signs also dominate. For the US, the decline in expectations is striking. Here, the overall index reaches -17.5 points, the lowest level since November 2022. There is not much left of the laborious economic recovery of 2023.

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sentix Survey results (18-2023)

Written by Manfred Hübner | 07 May 2023
Posted in sentix Weekly

Weak underlying confidence leads to nervousness

Nervousness about shares is on the rise. On the surface, the poor sentiment in equities gives hope. But the real tension is between the measurable serenity in the VIX Vola Index and the high neutrality of investors, which expresses their irritation about current market events. This tension should dissipate in the coming weeks. And as is almost always the case, this will happen through rising volatilities and a directional impulse.

Further results

• Bonds: Euroland bonds with rising fundamental confidence
• Gold: Still positive, but signs of fatigue
• sentix economic index: 08.05.23 at 10.30 AM CEST

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sentix Survey results (17-2023)

Written by Patrick Hussy | 30 April 2023
Posted in sentix Weekly

Vola ante portas

Sentiment for equities is neutral, as is positioning. Superficially, this does not result in any particular signal situation. Increasingly, investors are assuming a sideways trend, and short-term neutrality is rising massively. As a rule, this state does not last long. As soon as investors have more certainty, they jump on the next signal. Consequently, these high neutrality levels herald a vola surge.

Further results

• Bonds: High confidence = excellent opportunities for U.S. bonds
• Gold: Constructive breather
• sentix investor positioning in equities and bonds

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