The comeback of inflation? sentix index signals a trend reversal!

Written by Sebastian Wanke | 09 March 2015
Posted in Special research

The latest sentix indices show a very remarkable development: because of the ECB’s aggressive monetary policy investors expect any increase in yields to be prevented. The same investors also think that inflation will pick up soon. Obviously they ignore the consequences of a return of inflation for the bond markets. This is a risk.

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Desperate investors: long-term bonds as popular as never before

Written by Sebastian Wanke | 02 March 2015
Posted in Special research

Record-low yields drive investors into ever longer maturities of German government bonds. This situation is mirrored by the sentix Curve Preference Index: While investors’ dislike of mid-term bonds has reached a new extreme, market participants now find bonds with maturities of more than 10 years as attractive as never before – although their yields have touched new all-time lows, too. This shows how desperate bond investors’ are in the current low-yield environment.

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Confidence in the euro rises

Written by Sebastian Wanke | 23 February 2015
Posted in Special research

Confidence in the euro rises strongly. This is shown by the increase in the sentix Strategic Bias for the EUR-USD currency pair, one outstanding result of the latest sentix Global Investor Survey. The index reaches its highest reading since November 2013. At the same time, more and more investors (now 39%) expect Greece to leave the euro. The consequent attitude of the European partners towards the new Greek government has thus served as a support for the common currency.

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Automobile stocks in the fast lane

Written by Sebastian Wanke | 16 February 2015
Posted in Special research

sentix Sector Sentiment for European automobile stocks rises strongly in February and reaches an all-time high. For no other sector investors are equally bullish at the current juncture. As perspectives brighten against the backdrop of a number of positive chart signals we rate the strong development in sentiment as a kick-start signal rather than a contrarian indication.

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Dividend is the new interest

Written by Sebastian Wanke | 19 January 2015
Posted in Special research

While interest rates continue their fall, the trend that investors buy stocks because of their dividend payments is getting stronger. In January, the sentix index which measures these investor preferences reaches a new extreme. Dividends thus become in an increasingly pronounced manner a substitute for interest rates.

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