Nun folgt der Absturz - Makro-Report - 04.26

Written by Manfred Hübner | 07 April 2026
Posted in Special research

There are no translations available.

Direkt nach dem Ausbruch des Iran-Krieges gab es Anfang März bereits eine erste Schock-Reaktion im „first mover“ zu beobachten. 4 Wochen später folgt nun der Absturz, insbesondere in den Erwartungskomponenten: Die sentix Konjunkturindizes brechen im April 2026 regelrecht ein. Die Anleger realisieren: das Thema „Rezession“ steht abermals auf der Agenda und damit erhebliche Implikationen für Aktien, Bonds und Rohstoffe. Die aufkommenden Inflationssorgen bedeuten insbesondere für Bonds nichts Gutes. Den Notenbanken scheinen aktuell die Hände gebunden zu sein.

Lesen Sie hier den Report (kostenpflichtig)

The shock is followed by demolition

Written by Patrick Hussy | 07 April 2026
Posted in sentix Economic News

Immediately following the outbreak of the Iran War, initial signs of uncertainty began to emerge in the first-mover index in early March. Just four weeks later, a massive slump has now followed: the sentix Economic Sen-timent Index for April 2026 shows a significant decline. The sharp drop in expectations is weighing particularly heavily, pulling the overall index for the eurozone down considerably. Investors are increasingly recognising that the risk of another recession is coming back into focus. Germany, too, is recording clear declines, with expecta-tions at their lowest level since autumn 2024. The picture is similar globally: both established and emerging economies are under pressure, with global expectations falling to levels last seen in spring 2025.

sentix Survey results (14-2026)

Written by Patrick Hussy | 05 April 2026
Posted in sentix Weekly

Easter edition

We wish all sentix participants a happy Easter, hopefully with some lovely Easter eggs. Perhaps there’s even a golden anniversary egg among them.
Today you’ll receive the Easter edition, which features a brief round-up of the highlights from the weekly survey.

Further results

Gold: Institutional investors are more confident
Crude oil: Risk of a correction persists, as does the risk of inflation
sentix economic index: Tuesday, 07th April 2026 at 10:30 CEST

Click here for the full report

Chancen bei Aktien - Risiko-Report - 03.26

Written by Manfred Hübner | 30 March 2026
Posted in Special research

There are no translations available.

Nachdem sich im Februar in mehreren wichtigen Anlageklassen die Risikolagen spürbar verschärft hatten, tritt nun im Zuge der Marktkorrektur ein ganz anderes Bild zu Tage: Für fast alle Aktienmärkte werden Chancen angezeigt. Ursache sind vor allem die stark überverkaufte Markttechnik, zunehmende Overconfidence sowie ein sehr einseitiges (bearisches) Sentiment. Auch beim Rohöl blinken Extremwerte in der Risikobewertung auf. Das Gold hat seine hohen Risiken hingegen komplett abgebaut. Der Risiko-Report ordnet die aktuellen Entwicklungen in Aktien-, Rohstoff- und Devisenmärkten systematisch ein und zeigt, wo Risiken strukturell steigen und wo Chancen entstehen.

Lesen Sie hier den Report (kostenpflichtig)

sentix Survey results (13-2026)

Written by Patrick Hussy | 29 March 2026
Posted in sentix Weekly

A striking difference of opinion

The divergence in opinion between retail and institutional investors could scarcely be greater in the medium term than it is at present: we are seeing very marked differences in equities (US and DAX, Eurozone) and also in the price of gold. For crude oil, there are a string of extreme values that point to a high risk assessment and suggest taking a contrarian stance. Overall, fears of an energy crisis remain the dominant theme shaping market sentiment. As a result of the persistently high levels of pessimism, there are once again a multitude of TD buy signals across a wide range of markets. Furthermore, the bears are showing increased overconfidence regarding US equities.