06 January 2019
Posted in
sentix Weekly
"Caution Overconfidence" for Oil Bears
The relief over the recovery on the stock markets is great, in sentiment the pessimism disappears completely. On the positive side, investors are expanding their medium-term confidence somewhat. The process is only just beginning and could be nipped in the bud at any time. We are also receiving very strong data on the yen and the precious metal track. In addition, there was a lot of overconfidence at the turn of the year.