sentix Survey results (24-2019)

Written by Manfred Hübner | 16 June 2019
Posted in sentix Weekly

Bella Italia? Not for bonds.

The discussion about Italy's debt sustainability and the possible introduction of mini bots have led to a new all-time low in the strategic bias on Italian bonds. A new negative record has also been set relative to German bonds. Will this provide new food for the euro crisis? Already in 2017, a negative relative development in bias was a harbinger of a price weakness of BTPs in the summer.

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Investors rely on the central banks

Written by Manfred Hübner | 12 June 2019
Posted in sentix Weekly

Investors rely on the central banks

Even if the bond markets appear technically exhausted in the short term, they are still strongly supported thematically.

Read more here (sentix registration necessary)

sentix Survey results (23-2019)

Written by Patrick Hussy | 09 June 2019
Posted in sentix Weekly

The treasure in Silver Lake

At +58 percentage points, we measure an all-time high in the strategic bias for silver. Even more impressive is the rate of change compared with the previous week, which, at +25 percentage points, eclipses all historical benchmarks. This enormous power signals willingness to buy and is likely to have a significant impact on investment behaviour (see CoT Report) in the coming weeks. A build-up of significant long quotas is to be expected.

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sentix Survey results (22-2019)

Written by Admin sentix | 02 June 2019
Posted in sentix Weekly

Angst

The already bad sentiment for US equities last week has increased again by 8 points within a week. We measure a bear surplus of -34 percentage points. We thus attest to fear among investors and are heading for an anti-cyclical buying opportunity in the S&P 500. Stock prices should rise after another week at the latest.

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Bund future positioning becomes a risk factor

Written by Manfred Hübner | 27 May 2019
Posted in sentix Weekly

Since the end of 2016, the positioning of investors has changed massively. Defensive positioning has now turned into the highest long rate since 2008 (!).

The attached analysis shows what this means for investors in the bond market.

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