sentix ASR Essentials 06-2016

Written by Patrick Hussy | 14 February 2016
Posted in sentix Weekly

Still backing away from Banks

The latest sentix survey suggests investors are becoming a little less downbeat on equities from a medium-term perspective and a little less upbeat on bonds. At the same time, in terms of their sector preferences, survey participants have also become less negative on cyclical sectors such as Basic Resources, Autos and Chemicals versus the market in the past month. However, there is little sign of a change of heart on the Financials, with survey readings on Banks now close to historic lows (see Page 2 for charts). The good news is that such deep-rooted pessimism on Banks has not, as yet, curbed the recent revival in investors’ views on the medium-term outlook for equity markets.

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sentix Investmentmeinung 05-2016

Written by Manfred Hübner | 08 February 2016
Posted in sentix Weekly

There are no translations available.

Gold sendet Preissignal – Aktien kurzfristig überzogen

Der Deutsche Aktienindex markiert zum Wochenstart ein neues Jahrestief. Unterhalb von 9.000 Punkten hatten auch wir ihn zu diesem Zeitpunkt im Jahr nicht erwartet. Während sich bei den Anlegern nun Pessimismus zeigt und manch ein Kommentator der Verzweiflung nahe ist, signalisieren die sentix Daten erstmals in 2016 eine Chance zum taktischen Long-Einstieg. Signale sendet ebenfalls der Goldpreis, unser Anlagefavorit aus dem sentix Jahresausblick 2016.

Geänderte Einschätzung: DAX, EuroSTOXX 50, S&P 500, Nikkei, USD-JPY

Klicken Sie hier für die aktuelle Investmentmeinung (sentix Registrierung erforderlich)

Anleger haben das Gefühl für Risiko verloren

Written by Manfred Hübner | 08 February 2016
Posted in Woolly thoughts (blog)

There are no translations available.

sentix-Chef Manfred Hübner: „Anleger haben das Gefühl für Risiko verloren“

Die deutlichen Kursrückgänge an den internationalen Finanz- und Rohstoffmärkten hält der Marktstratege Manfred Hübner nur für das Vorspiel eines großen Crashs, der in Kürze bevorsteht: „Im Investorenverhalten stellen wir zahlreiche Parallelen zu 2007 und 2008 fest“, erklärte der Chef des Behavioral-Finance-Analysehauses Sentix heute bei FINANCE-TV. Seine Diagnose: „Die Anleger erkennen zwar die Risiken, aber sie weigern sich, darauf zu reagieren. In ihrer Euphorie vertrauen sie blind auf die Notenbanken“, warnt Hübner. Was den Kapitalmärkten blüht und wo genau das größte Unheil droht – seine Bestandsaufnahme hier bei FINANCE-TV.

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Global economy on the brink

Written by Manfred Hübner | 07 February 2016
Posted in sentix Economic News

Who thought the collapse of the sentix economic indices in January were a one-time event will be disappointed with the February data. Although the values for Asia ex Japan recover something, this month results do not shape a fundamentally new image. In particular, the loss of momentum in Germany and the United States weighs heavily and stresses that the global economy is now in a very fragile state.

sentix ASR Essentials 05-2016

Written by Patrick Hussy | 07 February 2016
Posted in sentix Weekly

Macro and dollar concerns boost Bonds, Gold and EUR/USD

The latest sentix Economic survey underlines the degree to which participants have become downbeat on the global economic outlook, as momentum in Germany and the US has faltered. The eurozone overall index fell over 3 points to +6.0 in February, while the US index declined to its lowest level since October 2012 (at +3.7). Such macro caution is casting a long shadow across investors’ views on the medium-term outlook for markets. For one thing, heightened uncertainty over the global macro outlook is an increasingly positive theme for bonds. For another, recent dollar weakness chimes with an increasingly positive medium-term strategic bias on Gold, alongside an ever-more upbeat bias on EUR/USD. See Page 2 for charts.