sentix ASR Essentials 15-2015

Written by Manfred Hübner | 12 April 2015
Posted in sentix Weekly

High optimism on near-term outlook for Equities

The latest sentix survey points to highly elevated levels of optimism among survey participants in terms of the near-term outlook for Equity markets. Sentiment readings for the DAX, EuroSTOXX, Nikkei and chinese equities have now reached twelve month highs. A lot of optimism is built into markets at current levels (see Chart 5, page 3). At the same time, the survey also provides a unique insight into investors’ views on European sectors versus the market. It suggests that investors have become less optimistic on cyclical sectors such as Autos and Industrial Goods & Services, but that the tide of optimism on Construction and Chemicals continues to rise (Chart 2, page 2). At the other end of the sentiment spectrum, pessimism still dominates on Utilities and Energy, albeit readings for Energy are up from recent lows, in line with a less pessimistic view on Crude Oil.

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sentix Investmentmeinung 14-2015

Written by Manfred Hübner | 07 April 2015
Posted in sentix Weekly

There are no translations available.

Oster-Edition

Feiertagsbedingt ist die Investmentmeinung in dieser Woche verkürzt! Wir haben die Teilkomponenten zu den Märkten (siehe Tabelle in dem Dokument) aktualisiert. Es ergeben sich keine neuen Einschätzungen zu den von sentix betrachteten Märkten. In der kommenden Woche erhalten Sie wieder die Investmentmeinung im gewohnten Format.

Geänderte Einschätzungen: keine

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

sentix ASR Essentials 14-2015

Written by Manfred Hübner | 05 April 2015
Posted in sentix Weekly

No report due to the easter holidays.

sentix Investmentmeinung 13-2015

Written by Manfred Hübner | 30 March 2015
Posted in sentix Weekly

There are no translations available.

Ein erstaunliches Extremsignal

Beim flüchtigen Blick auf die sentix-Daten könnte einem eine wichtige Indikation entgehen. Während weder das Sentiment noch der Strategische Bias einen extremen Wert aufweisen, überrascht die Kombination beider Indikatoren dagegen deutlich. Der Time Differential Index für DAX und EuroSTOXX 50 ist auf überraschend niedrige Werte gefallen. Erfahrungsgemäß eine Indikation mit weitreichender Wirkung!

Geänderte Einschätzungen: DAX, EuroSTOXX 50, EUR-USD und USD-JPY

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

sentix ASR Essentials 13-2015

Written by Patrick Hussy | 29 March 2015
Posted in sentix Weekly

Heightened investor uncertainty on the near-term outlook

The latest sentix survey suggests that while investors remain relatively positive on the outlook for equities from a medium-term strategic perspective, they have become markedly more uncertain about the near-term outlook. Across the indices covered by the survey, near-term neutrality indices have headed towards the highend of their two year range (Chart 7, page 3). This chimes with survey questions looking at investors’ positioning which indicate that the level of over-investment in equities has declined in the past month (Chart 3, page 2). However, heightened neutrality is also a feature on Bunds (Chart 10, page 4). Growing investor uncertainty on the near-term outlook encompasses both equities and bonds.