23 August 2015
Posted in
sentix Weekly
Sentiment now polls apart on Equities and Bonds
The sharp reversal seen across global equity markets has been reflected in a notable divergence in near-term sentiment towards asset classes. In the case of equity indices, high investor neutrality on the near-term outlook has been replaced by deep pessimism on global mrkets. Indeed, sharply deteriorating sentiment towards Emerging Market Equities chimes with investors’ highly downbeat views on Commodities. On the opposite side of the sentiment divide, optimism on Bunds has reached the high-end of its historic range, while investors are taking more of a shine to Gold from both a near and medium-term perspective (see Charts 2-4, page 2).