sentix Survey results (36-2018)

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The bulls are tired!

The sentiment for US equities has deteriorated noticeably within a week. The bear surplus is now just short of 24 percentage points. Is now a good time for a contrary entry?

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Emerging markets on a downward trend

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In the last two months, investors have hoped that the economic downturn will be short-lived. This hope was largely lost at the beginning of September. From the perspective of the more than 1,000 investors surveyed by sentix, the economic sky darkens significantly, especially for the emerging markets. And this also has an impact on the developed markets.

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sentix Investmentmeinung 35-2018

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Technisch unentschieden

Der Strategische Bias für Aktien in Deutschland steigt vor allem bei professionellen Anlegern deutlich. Statistisch eröffnet sich damit eine positive Performanceperspektive für das 4. Quartal. Was fehlt, ist eine Bestätigung durch das Marktpreisverhalten.

Geänderte Einschätzungen: keine

Lesen Sie hier die Investmentmeinung (sentix Registrierung erforderlich)

sentix Survey results (35-2018)

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Selective increase in the strategic bias

While the sentiment data continue to show no clear direction in important markets, we measure selective improvements in the strategic confidence. For the DAX, these indicate opportunities in Q4. Interestingly, however, the bias to bonds is also improving. In Japan, we see an exciting difference between equities and the currency. In the commodities area, we take a look at investors' confidence in silver.

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Italian worry lines are growing again

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In recent weeks, investors' concerns about the stability of the euro zone have grown somewhat greater. The Italian government's attitude to the refugee crisis has contributed to this, as have increased concerns about an unregulated Brexit and Greece's "release" from the aid programme.

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