sentix Survey results (37-2026)

Written by Patrick Hussy | 13 September 2026
Posted in sentix Weekly

Sentiment buy signals, robust bias, but positioning

Sentiment towards equities has deteriorated significantly once again in a very short space of time. For example, DAX sentiment has fallen to -35 percentage points, whilst the bias remains robust. Consequently, the time differential index has fallen to -48 percentage points – almost as low as in March 2026. The statistics are generating a series of buy signals. However, the quality of these signals is not entirely comparable. The investment ratios are too high for this. For bonds, counter-cyclical signals are on the rise. In addition to overconfidence, sentiment is also taking a toll. But how should this be assessed?

Further results

• Bonds: Low sentiment, high levels of overconfidence
• Gold mining shares: Extreme optimism
• sentix sector sentiment

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sentix Survey results (36-2026)

Written by Manfred Hübner | 06 September 2026
Posted in sentix Weekly

Underlying confidence continues to rise

Investors remain cautious on equities in the short term, while medium-term underlying confidence continues to rise – a fundamentally positive signal for German equities as well. Support could also come from euroland bonds. Among precious metals, gold remains well supported, while silver stands out in particular on account of its still low positioning.

Further results

• Euroland bonds: Negative sentiment, statistical opportunities
• Silver: High underlying confidence, positioning lags behind
• sentix Economic Index: Monday, 7 September 2026, 10:30 CEST

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sentix Survey results (35-2026)

Written by Patrick Hussy | 30 August 2026
Posted in sentix Weekly

High levels of basic confidence in the eurozone

Following a brief spell of anxiety last week, sentiment towards shares has returned to neutral. It is striking that underlying confidence in equities over the medium term is showing a significant upturn, particularly in the eurozone (and on the DAX). This trend is being driven in particular by professional investors. The data on bitcoins is also looking positive. In the case of precious metals, some of the current hype needs to be taken out of the market, although the overall risk situation appears moderate. The USD/CHF exchange rate is also noteworthy.

• China: OCI-Signal
• FX: USD/CHF with signal
• sentix investor positioning in shares, bonds & other assets

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sentix Survey results (34-2026)

Written by Patrick Hussy | 23 August 2026
Posted in sentix Weekly

An astonishing amount of fear

That happened surprisingly quickly: sentiment on the stock market has deteriorated very rapidly – even though the falls in share prices have so far been modest. Whilst we have not yet reached classic ‘sentiment-driven buying’ levels, the prevailing scepticism alone is likely to provide support for the stock market. Things are now set to get interesting for gold and bitcoins too. We are seeing extraordinary developments in the sentix data set in these areas.

• Precious metals: The atmosphere is now buzzing
• Bitcoin: A leap for joy
• sentix Styles – Risk appetite and investor preferencest

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sentix Survey results (33-2026)

Written by Patrick Hussy | 16 August 2026
Posted in sentix Weekly

Gold is captivating investors

Never before in sentix’s history has the underlying medium-term confidence in the yellow precious metal been as high as it is this year. Does this mean the gold price has already reached a dangerous peak of euphoria? We’ll show you two charts that suggest otherwise. The situation regarding shares is slowly becoming significantly riskier. Whilst underlying medium-term confidence continues to rise, the risk assessment is also increasing in parallel.

• Equities: Bias and risk are on the rise
• USD/JPY: OCI warning signal
• sentix sector sentiment

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