sentix Survey results (40-2020)

Written by Patrick Hussy | 04 October 2020
Posted in sentix Weekly

Chinese Equities: Corona crisis like wiped away Equities

For the autumn, the stock market is becoming increasingly willing to buy. US stocks and especially China stocks are on the wish list. Conversely, investors are turning away from fixed-income securities. This trend does not apply to all safe-haven investments: gold continues to spread its attraction for investors. The expected portfolio adjustment for gold is progressing and favors a sustained upward path.

Further results:

Equities: Continued strong TD signals
Precious metals: Gold continues to excite
sentix economic index: New data on 05th Oct. 2020 / 10:30 CEST

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Asia continues to pick up, Euroland stagnating

Written by Patrick Hussy | 04 October 2020
Posted in sentix Economic News

The economic recovery in Euroland takes a breather in October. After five successive improvements, the sentix overall economic index for the euro zone fell marginally by -0.3 points to -8.3 points. However, the current situation continues to improve, reaching its highest level since March 2020. The data does not reveal any significant risk element in the short term, as the expectations index remains at a higher level despite a decline of 2 points. The outlook for Germany looks somewhat better than for the euro area as a whole. There are positive developments to report, especially from Asia ex Japan and the US.

Leaves fall calmly from the tree

Written by Manfred Hübner | 29 September 2020
Posted in sentix Euro Break-up Index News

While the year 2020 will be anything but quiet and uneventful, this will not affect the stability of the euro zone. On the contrary, the corona crisis is currently masking important differences and even promoting one or two steps towards unification.

sentix Survey results (39-2020)

Written by Manfred Hübner | 27 September 2020
Posted in sentix Weekly

Sentiment with contrary signals

We are repeating our chart from the previous week, as the constellation depicted there, negative Nasdaq positioning and further increasing basic confidence, has strengthened once again. Tech shares were already able to buck the general trend in the past week. The sentix data constellation indicates that this should continue to be the case in the coming weeks.

Further results:

Equities: Professionals gain basic strategic confidence
Precious metals: Silver with all-time low in TD-Index
sentix investor positioning in equities and bonds

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Seasonal stress test

Written by Manfred Hübner | 22 September 2020
Posted in sentix Weekly

The summer months of August and September are considered a difficult period on the stock markets. The vacation period in the northern hemisphere not only leads to a lower trading volume, but usually also to greater price fluctuations and, as a result, to price losses.

Since 1990, these two months are the only ones that have brought on average a negative performance for investors in the S&P 500 and DAX. A closer look at the seasonal trends reveals that August is a month with more frequent vola-tile escapades. The negative September performance, on the other hand, is mainly due to the crisis years 2001 and 2008, when the attacks on the World Trade Center (2001) and the bankruptcy of Lehman Brothers (2008) brought the stock markets to their knees.

Compared to the seasonal pattern, August 2020 was much more relaxed, probably due in part to the chronically negative mood of investors in the year of the Corona crisis. However, the negative sentiment was by no means homogeneous in recent times. In the technology sector in particular, we saw a high degree of carelessness and speculative interest at the end of August, which is now reflected in price losses in September.