sentix Survey results (49-2022)

Written by Patrick Hussy | 11 December 2022
Posted in sentix Weekly

Instis are moving at bonds on the sell side

There is little sign of Christmas calm at the moment: The bias of investment professionals for the Bund future drops by 22 percentage points in the last four weeks. This means that the last few days on the bourses could bring further price reductions for bonds. Equities would be vulnerable in this course, because the bias remains weak here as well. Risks are also indicated for the Euro/USD.

Further results:

• Equities: Weak bias remains a burden
• FX: Risks for the Euro increase
• sentix sector sentiment

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More relaxation

Written by Manfred Hübner | 05 December 2022
Posted in sentix Economic News

The latest sentix economic data improve again and surprisingly significantly. Investors are spreading hope that thanks to mild winter weather, sufficient gas in storage and a possible peak in inflation data, the economic down-turn has also passed its zenith. Internationally, there are also more moderate tones from the US Federal Reserve, which is holding out the prospect of "only" 50 basis points of interest rate increases in December. And in China, the protests finally seem to point to an end to the restrictive Corona measures. So will the recession end before it has really begun?

Read more...

sentix Survey results (48-2022)

Written by Patrick Hussy | 04 December 2022
Posted in sentix Weekly

Inglorious bias development

The development in the strategic bias should be seen as a harbinger of a latent willingness to sell. Recently, investors have reduced their underinvestment and allowed themselves to be lured into the market by the price recovery. This can be observed not only in German equities, but is a broad-based phenomenon. “Buying without real conviction" could become a problem for the stock markets by the turn of the year at the latest.

Further results:

• Equities: First signs of overconfidence
• FX: Yen story gains contour, EUR/USD is limited
• sentix economic index: Monday, 05th Dec. 2022 at 10:30h CET

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sentix Survey results (47-2022)

Written by Manfred Hübner | 27 November 2022
Posted in sentix Weekly

Change of preference in 2023?

In 2022, a major rethink took place in the investor camp. The significant rise in interest rates over the course of the year has contributed significantly to this. Bonds are now considered much more attractive than equities at the strategic level. So far, however, this is only moderately reflected in the relative performance of equities to bonds. For 2023, however, this change in preference could still have an effect.

Further results

• Equities: High TD values slow down
• Bonds: Basic confidence remains intact
• FX: Yen bias buckles again
• sentix investor positioning in equities and bonds

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sentix Survey results (46-2022)

Written by Patrick Hussy | 20 November 2022
Posted in sentix Weekly

Letting off steam after the sentiment pulse

After the annual high in sentiment for U.S. stocks to the previous week there is now "letting off steam". The data had already signaled that a consolidation is likely. Now the focus is on whether a continuation of momentum can succeed. So far, the sentiment data are developing in an exemplary manner, but the bias is losing momentum again. Internationally, there are major differences. The whole thing is still on shaky ground. The situation on the bond market is different.

Further results

• Equities: China increasingly convincing
• Bonds: Long investment horizon, positive bias
• sentix styles - Investor preferences & behavior

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