sentix Survey results (33-2021)

Written by Patrick Hussy | 15 August 2021
Posted in sentix Weekly

Summer lethargy on the stock market continues

The summer lethargy on the stock market gives reason to wonder: Investors are hardly developing any emotions. If at all, only private investors are showing occasional happiness. Institutional investors are chronically more hesitant. The positioning behaviour of the two investor groups has also been along these lines for months. Normally, such a high difference in sentiment occurs only briefly and usually correlates with upper market turning points.

Further results:

• Bonds: Bias and prices go their separate ways
• Precious metals: Considerable investor reaction
• sentix Sector Sentiment

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

sentix Survey results (32-2021)

Written by Patrick Hussy | 08 August 2021
Posted in sentix Weekly

Surprisingly little cheering, surprisingly few fears

The Chinese stock market remains battered, but the other major stock markets do not seem to be affected so far. Now there is the next potential disruptive fire in the form of interest rates. Institutionals are picking up more of the scent of the problem, much more so than retail investors. The insti-bias on long-term euro bonds is falling to a new low. At the same time, precious metals come under heavy pressure. The investor reaction is characterised by astonishing coolness.

Further results:

• Equities: Surprisingly little cheering
• Bonds: Surprisingly few fears
• Precious metal: Surprisingly few fears
• sentix economic index: Monday, 09th August 2021 on 10:30h CEST

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

Third decline in a row

Written by Patrick Hussy | 08 August 2021
Posted in sentix Economic News

The global economy is running at full speed, but momentum is weakening. The slowdown in the Asia ex Japan region is also contributing to this. In the Eurozone, the recovery of the current economic situation continues. At 30.8 points, the assessment reached its highest level since October 2018. However, here, too, the expectations component lost a significant 15.8 points, marking the third decline in a row. The rule of a three-point decline should be taken seriously. As a result, the overall index for the Eurozone drops by 7.6 points. Germany's economy continues to be in boom-like shape. It rises for the 15th time in a row to 38.5 points. The expectations component halves.

Read more...

sentix Survey results (31-2021)

Written by Patrick Hussy | 01 August 2021
Posted in sentix Weekly

China in focus

The focus is on the Chinese stock market, whose technology stocks have come under massive pressure. The weakness of the market had been announced in recent weeks via a poor strategic bias. But the situation still seems too early for a contrarian buy. Our risk radar does not give the all-clear. Rather, the question is how long the remaining risk assets can ignore this imbalance.

Further results:

• Global Equities: Scepticism goes, overconfidence remains
• Risk radar: Tense situation with bonds
• FX: Rising carelessness in EUR/CHF

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

sentix Survey results (30-2021)

Written by Manfred Hübner | 25 July 2021
Posted in sentix Weekly

Moderate improvement in sentiment

In recent weeks, strategic confidence in oil has plummeted. This usually leads to position reductions. However, positioning is by no means very bullish at the moment, so there is less risk to the oil price than would otherwise be the case. In equities, sentiment is neutralising and the neutral position is filling up again. A volatile summer phase is thus not yet off the table.

Further results:

• Gold: Bias remains stable
• Crude oil: Weak bias but positive seasonal pattern
• sentix investor positioning in equities and bonds

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