sentix Survey results (50-2023)

Written by Patrick Hussy | 17 December 2023
Posted in sentix Weekly

The bias decline continues

The starting position for equities remains unfavorable from the perspective of investor behavior. The overheated sentiment is only slowly receding, while the strategic bias continues to decline. As a result, there is little change in the balance of both forecast instruments: the TD Index remains in the sell zone. This applies to European equities as well as the US equity market. At the same time, the willingness to take profits on bonds continues to increase. This is particularly noticeable in the institutional camp.

Further results

• Bonds: Profit-taking willingness increases
• FX: The yen remains a key issue
• sentix styles - Investor preferences & behavior

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sentix Survey results (49-2023)

Written by Patrick Hussy | 10 December 2023
Posted in sentix Weekly

The appeal of profit-taking is growing

Six consecutive weeks of jubilant sentiment and now a break in the strategic bias (chart of the week): These are not good conditions for the stock markets! As a result, the Time Differential Index has reached a level that sends out an unmistakably clear warning. The trigger could be the interest rate side. The central banks will delight us with new messages over the next few days. In the meantime, the insti-bias for the Bund future is buckling and signaling a willingness to take profits. There is also a strong focus on the Japanese yen.

Further results

• Bonds: Insti-bias wobbles
• Bitcoins: EUR/JPY striking
• sentix sector sentiment

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Trend reversal or not - that is the question!

Written by Manfred Hübner | 04 December 2023
Posted in sentix Economic News

In many regions, we are measuring the third consecutive improvement in economic expectations and / or the overall index for the economy. For example, the economic expectations for the eurozone. At 0.2 points, however, the increase is very moderate. However, as the situation values also improved slightly, the question arises as to whether we can speak of a trend reversal. Internationally, the picture is the same: moderate improvements, but no real sign of an upturn. US stocks remain robust, but are equally unconvincing. There is a little hope in the Eastern European region.

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sentix Survey results (48-2023)

Written by Patrick Hussy | 03 December 2023
Posted in sentix Weekly

Jubilant aria

Sentiment towards German equities is boiling over: At +32 percentage points, sentiment has reached the next euphoria level (2-year high). Just 6 weeks ago, sentiment for the ATX was at -38 percentage points. At that time, fear was high and the stock market was down. Now investors are rejoicing and significantly increasing their portfolio risks. In the short term (around St. Nicholas), the signs are pointing to a correction. After that, it could go up again. Nevertheless, one thing is certain: the risks are increasing significantly again.

Further results

• Gold: Hand in hand
• Bonds: strong momentum
• sentix economic indices: Monday 04th Dec. 2024 at 10:30 AM CET

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Reaction to the Dutch election

Written by Manfred Hübner | 26 November 2023
Posted in sentix Euro Break-up Index News

The Netherlands has voted and given the euro sceptics a bit of a wake-up call. The Euro Break-up Index, which we rarely comment on at present as the situation in the eurozone is relatively stable, shows a relatively unusual swing in the sub-index for the Netherlands. This is certainly not high enough to act as a harbinger of crisis. But that could possibly change in the 2024 election year. We'll stay on the ball.