sentix Investmentmeinung 45-2016

Written by Manfred Hübner | 14 November 2016
Posted in sentix Weekly

There are no translations available.

Kurzfristige Euphorie erzwingt eine Handlung

Nach dem Wahlsieg Trumps kommen die Märkte in Bewegung. Vor allem US-Aktien sind die Gewinner, aber auch japanische Aktien profitieren über den festen US-Dollar. Auf der anderen Seite verlieren Emerging Markets und Renten und in Europa ziert sich der Markt noch, eine bullische oder bearische Entscheidung zu vollziehen. Wir orientieren uns an unseren Daten und diese legen verschiedene Handlungen nahe.

Geänderte Einschätzungen: Deutsche Aktien, Euroland Aktien, Chinesische Aktien, Rohöl

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sentix ASR Essentials 45-2016

Written by Manfred Hübner | 13 November 2016
Posted in sentix Weekly

Bonds sentiment bashed; Banks and Healthcare sentiment boosted

The US election result has cast a shadow across the latest sentix survey. At an asset level, pessimism has grown more notable on bonds, with readings on bunds sentiment becoming even more deeply entrenched at the low end of the historic sentiment range (see Chart 8, page 4). In terms of opinions on the US, the gap between investors’ strategic bias on the S&P 500 versus US 10Y Treasuries has also sharply increased. Bond sentiment on both sides of the Atlantic has been a notable casualty from the unexpected US election result. In a European equity context, the big winners have been Banks and Healthcare, where sentiment has markedly improved over the past month relative to the market. See page 2 for charts.

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sentix Investmentmeinung 44-2016

Written by Manfred Hübner | 07 November 2016
Posted in sentix Weekly

There are no translations available.

Alles dreht sich um die Wahl!?

Aus diesem Grund sparen wir uns heute viele Worte und verweisen auf unser Webinar am Donnerstag, zu dem Sie sich hier (http://www.sentix.de/index.php/Woolly-Thoughts-Blog/sentix-webinar-zur-us-wahl.html) noch anmelden können. Da sich eben nicht nur alles um die Wahl dreht empfehlen wir auch einen Blick auf unsere aktuelle Kommentierung der neuesten sentix-Konjunkturdaten (http://konjunktur.sentix.de) sowie unser heute geführtes Interview im Aktionär TV (http://www.deraktionaer.tv/video/sentix-konjunkturerwartungen-im-november-positiv-50186596.html)! Portfolioänderungen gibt es heute keine.

Geänderte Einschätzungen: Keine

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Recovery gains momentum

Written by Patrick Hussy | 06 November 2016
Posted in sentix Economic News

In November, the positive trend in the economic indices continues. The overall index for Euroland is even rising to a new year's high, driven by further rising expectations. But also, the plus of six points in the position assess-ment sets an exclamation mark. Important is the fact that the economic assessment for the US does not indicate any weakness for the time after the handover. Together with Japan and the emerging markets, the sentix Global Aggregate continues to grow, which points to a solid global economic upturn.

sentix ASR Essentials 44-2016

Written by Patrick Hussy | 06 November 2016
Posted in sentix Weekly

Macro expectations bearish for Bunds; supporting EZ/US equity bias

The sentix survey underlines the continued relationship between macro developments and markets. In the case of the Eurozone (EZ), the sentix Economic Expectations Index is running at its highest level since December 2015, rising from +10.8 to +14.0 in November. At a market level, economics are seen as an increasingly bearish theme for Bunds, which chimes with investors’ still notably negative medium-term strategic bias on bonds. However, macro views also appear to be at work in equities, with relative economic expectations consistent with the more positive medium-term strategic bias of survey participants on Eurozone equities versus the US that has recently emerged. Macro expectations continue to play an important role in setting market opinions. See Page 2 for charts.