Zwei Anlegerlieblinge bereiten Probleme - Sektor-Report - 11.25

Written by Manfred Hübner | 17 November 2025
Posted in Special research

There are no translations available.

Im sentix Sektor Sentiment haben sich nur geringe Veränderungen er-geben. Auffällig bleibt die schlechte Stimmung bei den Autowerten, wenngleich die relative Performance sich positiv abzusetzen beginnt. Problematisch sind die Sektoren Telekom und Versicherungen, die beide das Verhalten eines „Anlegerlieblings“ zeigen. Vor allem die Telekomwerte könnten derzeit eine Ruhe vor dem Sturm erleben. Die Performance im abgelaufenen Monat war positiv und konnte den schwächeren Vormonat wieder ausgleichen.

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sentix Survey results (46-2025)

Written by Patrick Hussy | 16 November 2025
Posted in sentix Weekly

No fear – cognitive dissonance as the reason

The dynamic sell-off of equities in the second half of the week caused little concern. Sentiment barometers across all stock markets are neutral. In the medium term, however, the past week has changed investor perspectives. Almost everywhere, the bias is clearly in reverse mode. All in all, there are signs of cognitive dissonance. Precious metals remain in demand, while bonds continue to languish. On the currency side, irritation is growing significantly and a volatility impulse is in the making.

Further results

Bonds: Lack of value perception despite falling prices
FX: High irritation as a harbinger of Vola
sentix sector sentiment

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Asien im Fokus - Makro Report - 11.25

Written by Manfred Hübner | 10 November 2025
Posted in Special research

There are no translations available.

Anfang November bleibt es beim insgesamt eher trüben Konjunkturbild. In Deutschland und Euroland sind die rezessiven Tendenzen unverändert prägend. Für die Aktienmärkte bleiben damit die Makrorisiken bestehen. Dies gilt auch für die USA, hier aber vor allem, weil die Kurse weit dem Makromomentum vorausgeeilt sind. Positive Ausnahme bleibt die asiatische Region. Asien steht auch währungstechnisch im Fokus, denn die Indikation für eine Yen-Aufwertung hat erneut stark zugenommen.

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Doldrums in the eurozone, rays of hope in Asia

Written by Patrick Hussy | 09 November 2025
Posted in sentix Economic News

Despite isolated rays of hope from Asia, the global economic situation remains mixed in November, with the eu-rozone in particular showing renewed weakness. The overall indicator for Eurozone falls by 2.0 points to -7.4. Both the current situation and investor expectations are deteriorating. In Germany, downward forces are prevail-ing: the index fell by 2.4 points, driven by a decline in expectations (-3.3 points). In Asia, on the other hand, op-timism prevails. Japan recorded its third consecutive increase, and the Asian region excluding Japan also remains clearly on course for growth. The US, on the other hand, continues to tread water, weighed down by the effects of the ongoing government shutdown.

sentix Survey results (45-2025)

Written by Manfred Hübner | 09 November 2025
Posted in sentix Weekly

Buying reflexes for precious metals

Corrective forces strengthened on the stock markets over the course of the week. This reduced the number of bulls, but without reaching negative extremes. The stable underlying confidence of investors in US equities is a positive factor. There are positive signals in the TD index for Chinese equities. We are measuring a sharp rise in the strategic bias for precious metals.