sentix ASR Essentials 43-2017

Written by Manfred Hübner | 29 October 2017
Posted in sentix Weekly

High optimism and low neutrality may be a risk for equities

The rising tide of optimism on equities has lifted near-term sentiment readings on the EuroSTOXX Index to highly elevated levels. This has occurred despite a continued weakening in investors’ strategic bias on equities from recent highs. In short, high optimism on the near-term outlook is set against a less upbeat view on the medium-term prospects for markets. It is also set against increasingly high levels of investor ‘certainty’ on the near-term outlook, based on the sentix Neutrality indices. It is a combination that points to the potential for increased equity volatility in the near-term. See Charts 2-4 and 7, p2 and 3.

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Die Stimmung für Neuemissionen steigt – Kehrt das IPO-Fieber zurück?

Written by Manfred Hübner | 27 October 2017
Posted in Special research

Aktien-Neuemissionen waren in den letzten Jahren nicht sonderlich in Mode. Nun kehrt das Vertrauen in Aktien-Neuemissionen unter den Anlegern mehr und mehr zurück. Das entsprechende sentix Barometer markiert ein neues Mehrjahreshoch! Kehrt das IPO-Fieber zurück?

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sentix Investmentmeinung 42-2017

Written by Manfred Hübner | 23 October 2017
Posted in sentix Weekly

Emerging Markets Aktien im Fokus

Die Aktienmärkte der Emerging Markets zeigten sich in den letzten Wochen weiter stark. Entgegen unserer Erwartung haben die Kurse nochmals zugelegt. An der kritischen Datenlage hat sich nichts geändert. Folglich bleibt es bei unserer vorsichtigen Einschätzung!

Geänderte Einschätzungen: keine

Klicken Sie hier für die aktuelle Investmentmeinung (sentix Registrierung erforderlich)

sentix ASR Essentials 42-2017

Written by Patrick Hussy | 22 October 2017
Posted in sentix Weekly

EM equities and Commodity sentiment holding up

In recent weeks, survey participants have become less positive on the medium-term prospects for developed and emerging equity markets, even as indices have pushed ever-higher. However, monthly survey questions on asset class sentiment suggest investors’ opinion on emerging equity markets as a grouping is holding up. This is consistent with investors’ positive opinion on the outlook for commodities. EM equity and commodity sentiment remain closely linked. A continued revival in investors’ medium-term strategic bias on Crude Oil would therefore likely lend support to risk appetite in emerging markets. One to watch! See Charts 2-4, p2.

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Euphoria in industrials stocks is alarming

Written by Manfred Hübner | 20 October 2017
Posted in Special research

The strong economy is driving investor sentiment for the European industrial sector to a two-and-a-half-year high. Investors feel that the industrial sector is profiting from the booming economy. The euphoria which has broken out, however, is an alert.

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