sentix Survey results (11-2018)

Written by Manfred Hübner | 18 March 2018
Posted in sentix Weekly

Short-term uncertainties increase

The sentiment of investors is surprisingly neutral across all asset classes. The reason for this is increasing uncertainty. This is visible in corresponding increases in the neutrality indices. This creates an area of tension which should become apparent in the form of a trend movement in the short term. On the strategic level, however, the negative signs for equities and increasingly positive signals for bonds continue to dominate.

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sentix Investmentmeinung 10-2018

Written by Manfred Hübner | 13 March 2018
Posted in sentix Weekly

Unterschiede und Gemeinsamkeiten

Der Reigen an außergewöhnlichen Daten reißt nicht ab. Nachdem der Aktienmarkt-Bias zur Vorwoche noch – entgegen der Konjunkturindikation – gestiegen war, kippt dieser nun erneut deutlich nach un-ten. Bei vielen Aktienmärkten messen wir neue Verlaufstiefs. Solche Bias-Verschlechterungen deuten auf eine steigende Verkaufsbereitschaft unter den Anlegern, die üblicherweise fallende Preise nach sich zieht. Allerdings nicht immer, wie wir zuletzt vor fast genau einem Jahr schmerzlich erfahren mussten.

Geänderte Einschätzungen: DAX, EuroSTOXX 50, Nasdaq, CSI 300, Silber

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sentix ASR Essentials 10-2018

Written by Manfred Hübner | 11 March 2018
Posted in sentix Weekly

Autos sentiment goes into reverse

The latest sentix survey indicates that investors have become modestly optimistic on the near-term prospects for equities, though at the same time they remain deeply downbeat on the medium-term outlook, as gauged by their strategic bias on indices such as the EuroSTOXX. Monthly survey questions on investors’ views on European sectors also point to underlying caution, with pessimism on defensive sectors such as Telecoms, Utilities and Food & Beverages receding in recent months. In contrast, sentiment has weakened on several cyclical sectors, with Autos now the least liked European sector in a relative context after a big sentiment reversal in the past month. See page 2 for charts.

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sentix Investmentmeinung 09-2018

Written by Manfred Hübner | 05 March 2018
Posted in sentix Weekly

Trumps Agenda

Das spannende Wahlwochenende in Europa brachte weitgehend die erwarteten Ergebnisse. Während die SPD den Weg zu einer Regierungsbildung in Deutschland öffnete, dürfte dies in Italien schwer wer-den. Kurzfristig sind damit aber zwei Unsicherheitsfaktoren aus dem Weg geräumt. Ein neuer Problem-herd weit größerer Dimension braut sich aber in den USA zusammen.

Geänderte Einschätzungen: S&P 500

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sentix ASR Essentials 09-2018

Written by Patrick Hussy | 04 March 2018
Posted in sentix Weekly

High pessimism ahead of Italy's election

An emotional week lies behind us, which has created a lot of emotional extremes. Investors got cold feet before the two important votes in Germany (SPD vote on Groko) and Italy (parliamentary election). It is noticeable that the asset classes in Italy are strategically assessed even more critically than their European counterparts. Is this an anti-cyclical opportunity?

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