sentix Survey results (50-2022)

Written by Manfred Hübner | 18 December 2022
Posted in sentix Weekly

Is the Christmas rally coming?

Is the Christmas rally coming? A look at the seasonality shows that the next 15-20 or so trading days are usually marked by positive price signs. As always, we have examined whether the seasonal factor can prevail from the perspective of investor sentiment.

Further results:

• Bonds: Historical signal in the TD Index
• Crude oil: Investors gain medium-term confidence
• sentix styles - Investor preferences & behavior

Click here for the full report (requires a sentix registration)

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

Click here for the full report (requires a sentix registration)

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

Click here for the full report (requires a sentix registration)

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

Click here for the full report (requires a sentix registration)