sentix Equity Sentiment: Investors React Scared

Written by Patrick Hussy | 23 August 2021
Posted in sentix Weekly

A drop of around 2 percent in the European stock indices has left a clear mark on sentiment. Investors are reacting fearfully, and the sentiment barometer has plummeted to -41.5 percentage points within a week. The summer lethargy on the stock market has definitely been broken!

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sentix Survey results (34-2021)

Written by Patrick Hussy | 23 August 2021
Posted in sentix Weekly

High pessimism is not always a given

In the past week, sentiment for US equities has plummeted significantly: The sentiment barometer reacted very violently and lost 38 (!) percentage points within a week. We are recording a new 52-week low. From a contrarian analytical point of view, it is worth buying. However, such a strong sentiment break carries a second message: another price strain is indicated for the next 2-3 stock market weeks. Only then can we be happy again.

Further results:

• Bonds: Not a good constellation
• Precious metals: Gold remains supported, HUI wobbles
• sentix styles - Investor preferences & behavior

Click here for the full report (requires a sentix registration)

sentix Survey results (33-2021)

Written by Patrick Hussy | 15 August 2021
Posted in sentix Weekly

Summer lethargy on the stock market continues

The summer lethargy on the stock market gives reason to wonder: Investors are hardly developing any emotions. If at all, only private investors are showing occasional happiness. Institutional investors are chronically more hesitant. The positioning behaviour of the two investor groups has also been along these lines for months. Normally, such a high difference in sentiment occurs only briefly and usually correlates with upper market turning points.

Further results:

• Bonds: Bias and prices go their separate ways
• Precious metals: Considerable investor reaction
• sentix Sector Sentiment

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sentix Survey results (32-2021)

Written by Patrick Hussy | 08 August 2021
Posted in sentix Weekly

Surprisingly little cheering, surprisingly few fears

The Chinese stock market remains battered, but the other major stock markets do not seem to be affected so far. Now there is the next potential disruptive fire in the form of interest rates. Institutionals are picking up more of the scent of the problem, much more so than retail investors. The insti-bias on long-term euro bonds is falling to a new low. At the same time, precious metals come under heavy pressure. The investor reaction is characterised by astonishing coolness.

Further results:

• Equities: Surprisingly little cheering
• Bonds: Surprisingly few fears
• Precious metal: Surprisingly few fears
• sentix economic index: Monday, 09th August 2021 on 10:30h CEST

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sentix Survey results (31-2021)

Written by Patrick Hussy | 01 August 2021
Posted in sentix Weekly

China in focus

The focus is on the Chinese stock market, whose technology stocks have come under massive pressure. The weakness of the market had been announced in recent weeks via a poor strategic bias. But the situation still seems too early for a contrarian buy. Our risk radar does not give the all-clear. Rather, the question is how long the remaining risk assets can ignore this imbalance.

Further results:

• Global Equities: Scepticism goes, overconfidence remains
• Risk radar: Tense situation with bonds
• FX: Rising carelessness in EUR/CHF

Click here for the full report (requires a sentix registration)