Differences of opinion

Written by Manfred Hübner | 07 December 2025
Posted in sentix Economic News

How is the global economy doing? The global aggregate of the sentix indices rose by 2.3 points to 10.4 points, its highest level since June 2024. This improvement is driven by Eastern Europe, Latin America and Asia excluding Japan, i.e. primarily China. Investors are also taking a more positive view of the US following the end of the US shutdown. However, there is a clear difference of opinion among investors as to whether the eurozone can also participate in a global upturn. While institutional investors are optimistic, private investors are appalled by what they perceive to be the reality of everyday life.

sentix Survey results (49-2025)

Written by Patrick Hussy | 07 December 2025
Posted in sentix Weekly

Overheated sentiment, falling bias

Optimism continues to prevail on the stock markets. At the same time, strategic bias is eroding – especially for European markets. As a result, sentiment and bias balances are shooting up: the TD indices are giving off a series of sell signals. Further trouble is also looming on the bond market: falling bond prices are not generating any resistance. Silver is still struggling with high levels of overconfidence, although the TD indices are providing support.

Further results

Bonds: No resistance
Silver: Still high overconfidence
sentix Economic Index: Monday, 8th December 2025 at 10:30 CET

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Position data updated in SNTH

Written by Manfred Hübner | 01 December 2025
Posted in Database news

Due to the government shutdown in the USA, the position indicators for some SNTH time series (including SP and ND) could not be calculated and therefore could not be entered since 26 September 2025. Some of this data is now available, so we have updated it for the period up to 17 October 2025. This also results in a change in the overall score. Further data will be adjusted as soon as we have the relevant raw information.

This information only affects the SNTH time series (sentix risk radar) and has no impact on other sentix time series.

sentix Survey results (48-2025)

Written by Manfred Hübner | 30 November 2025
Posted in sentix Weekly

Euphoric mood boost in equities

An astonishing optimism is spreading across the stock markets, but it does not seem to be based on a strategically positive outlook. Apparently, the upward trend in equities and Bitcoin is enough to trigger hopes of a year-end rally. This is problematic investor behaviour.

Further results

Gold: Stable perception of value, but high positioning
Crude oil: Fundamental confidence continues to build
sentix investor positioning in equities, bonds and others assets

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Ähnlichkeiten zu 1963 - Seasonality-Report - 11.25

Written by Manfred Hübner | 24 November 2025
Posted in Special research

There are no translations available.

Das vierte Quartal verläuft bei den Aktien eher untypisch. Vor allem für ein so stabil bullisches Jahr. Es gibt in den letzten hundert Jahren nur ein wirklich vergleichbares Jahr. Und dies ist 1963. Für die Bullen ist dies eine hoffnungsvolle Nachricht. Bei Bonds und EUR-USD passt der aktuelle Kursverlauf deutlich besser zum durchschnittlichen Saisonprofil. Auch noch ganz im Takt ist das Gold. Und für den Kupfer-Preis beginnt eine spannende Periode, die oftmals die beste des Jahres ist.

Lesen Sie hier den Report (kostenpflichtig)