14 April 2024
Posted in
sentix Weekly
Too little fear for a rapid end to consolidation
Sentiment on the stock market continues to plummet. We are measuring the lowest sentiment value for many indices since January 5, 2024, reflecting fears of an escalation of the conflict in the Middle East. However, it still seems too early to sound out a contrarian buy point from a sentiment analysis perspective. The existing fears are there, but compared to historical market turning points, they have not yet reached the quality that would suggest an anti-cyclical entry. The AAII Bull-Bear Index, for example, is still relatively high and therefore has a lot of "reaction space" to offer.
Further results
- Precious metals: First of all at the top
- FX: Interest rate differentials and bias pro US dollar
- sentix sector sentiment