sentix ASR Essentials 17-2016

Written by Patrick Hussy | 01 May 2016
Posted in sentix Weekly

Optimism on Crude not matched by investors’ strategic bias

The latest sentix survey indicates that investor optimism on Gold and Crude Oil has continued to grow as commodity prices have headed higher over the past month, helped by US dollar weakness and more encouraging signs on China and the global macro outlook. In the case of Crude, Brent looks on track to re-test $50 as we move into May, supported by a rising tide of near-term optimism. However, survey readings based on investors’ medium-term strategic bias on Crude have ticked lower in the past week and remain well down on their 2016 highs. While investors are upbeat on the near-term outlook for Oil, they are much less positive on its mediumterm prospects (see Charts 3-4, P2).

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sentix Investmentmeinung 16-2016

Written by Patrick Hussy | 25 April 2016
Posted in sentix Weekly

Weder Fisch noch Fleisch

Am Aktienmarkt herrscht Kauflaune. Zumindest gilt dies für die Privatinvestoren, denn die jüngsten Daten zum Investitionsverhalten der Privaten belegen, dass die Aktienquoten in den Portfolios wieder erhöht wurden. Die institutionellen Investoren halten sich bislang vornehm zurück. Ihr Investitionsgrad ist noch weit von den Quoten entfernt, welche sie zum Jahresende 2015 gehalten haben. Sie verhalten sich damit konform Ihrer strategischen Einschätzung.

Geänderte Einschätzung: keine

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

sentix ASR Essentials 16-2016

Written by Patrick Hussy | 24 April 2016
Posted in sentix Weekly

Investors still constructive on medium-term outlook for Equities

While near-term optimism on equities has weakened in the past week and remains at relatively modest levels, the latest sentix survey indicates that investors are becoming more constructive on global equities from a medium-term strategic perspective. In the Eurozone, investors’ over-investment in equities is edging back up towards longer-term average levels (see Chart 7a, p3). In the case of Asian equity markets, investors have also become markedly less negative on Japan and China from a strategic perspective (Charts 2-3, p2). This chimes with their more upbeat views on the outlook for commodities. On the other side of the sentiment divide, readings based on investors’ views on the medium-term strategic outlook for Bunds remain well below their Q1 highs. A move towards risk-on is still evident in survey readings based on investors’ medium-term strategic bias on markets.

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sentix Investmentmeinung 15-2016

Written by Manfred Hübner | 18 April 2016
Posted in sentix Weekly

Chinesische Aktien mit positiven Signalen

Einen bemerkenswerten Anstieg der strategischen Zuversicht der von sentix befragten Anleger messen wir im aktuellen sentix Global Investor Survey. Diese Entwicklung hebt sich deutlich von den Daten zu den anderen betrachteten Aktienmärkten ab. Dennoch ist dies nur eine Vorindikation zu einem Kaufsignal. Die Bestätigung von der Preisseite steht noch aus.

Geänderte Einschätzung: keine

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

sentix ASR Essentials 15-2016

Written by Manfred Hübner | 17 April 2016
Posted in sentix Weekly

Positive bias on EM Equities chimes with Commodity confidence

Investors continue to become more upbeat on Chinese equities from a mediumterm strategic perspective, likely helped by more encouraging signs on the economy from recent data. However, this also chimes with a wider revival in sentiment towards Emerging Equity Markets as an asset class, as well as investors more upbeat view on the outlook for Commodities. A sustained improvement in commodity sentiment would be a positive development for sentiment towards EM Equities, given that sentiment on both asset classes remains closely linked. On this front, however, disappointment on a hoped-for oil production freeze may challenge optimism on Crude, which was modest at best even ahead of the long-awaited meeting of producers in Doha at the weekend (Charts 2-4, page 2).

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