sentix ASR Essentials 23-2016
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12 June 2016
Posted in
sentix Weekly
Investors still wary on Banks; but warming to commodity-plays
The latest sentix survey provides a view of investors’ current convictions on European sectors versus the market. A couple of themes emerge. Pessimism remains the dominant theme on Financials, with sentiment readings on Insurance hitting a two-year low and Banks firmly entrenched at the low-end of their historic sentiment range versus the market. However, at the same time, investors have become markedly less downbeat on commodity plays such as Basic Resources and Energy in a relative context, with survey readings pulling further back from 2016 lows. This latter development is interesting given the recent sharp reversal seen in strategic bias readings on Oil. See page 2 for charts.
