sentix Survey results (14-2021)

Written by Manfred Hübner | 04 April 2021
Posted in sentix Weekly

Best equity sentiment since the end of 2019

There are increasing signs that the current equity rally will soon come to an end. This is clear from several indicators. Sentiment has risen to its most optimistic level since the end of 2019, while basic strategic confidence is crumbling. At the same time, portfolios are offensively oriented. And last but not least, we measure a falling share of stocks that are yet to reach new 52-week highs. Such a divergence should also be classified as a critical harbinger.

Further results:

• Bonds: Stabilization phase underway
• Gold: Basic strategic confidence returns
• sentix Economic Index: Tuesday, 06.04.2021 at 10:30h CEST

Click here for the full report (requires a sentix registration)

sentix Survey results (13-2021)

Written by Patrick Hussy | 28 March 2021
Posted in sentix Weekly

Unusual unexcitedness

An unusual "lack of excitement" can be observed on the stock markets. Even a potential supply shortage caused by the accident of a container ship in the Suez Canal seems to have little effect on the stock markets. Investors reflect via the crude oil bias that they do not assume a serious supply shortage in the economy. Plenty of emotionality can be measured on the currency side, however. The US dollar is strongly en vogue.

Further results:

• Bonds: Stabilization phase underway
• FX: Sentiment extremes in the US dollar
• sentix investor positioning in equities and bonds

Click here for the full report (requires a sentix registration)

sentix Survey results (12-2021)

Written by Patrick Hussy | 21 March 2021
Posted in sentix Weekly

The previous stock market stars lose their appeal

Most recently, we measured the highest sentiment values for equities in over a year. In addition, an increasing willingness to take profits can be seen, which is weighing on the previous stars of the stock market in particular. The weakening fundamental conviction can also be observed in a bias erosion in crude oil. As a rule, positioning follows the bias with a certain time lag. This could provide relief for the extremely present inflation concerns and also for bond prices.

Further results:

• Bonds: Obviousness
• FX: The dollar bulls continue to dance
• sentix styles - Investor preferences & behavior

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sentix Survey results (11-2021)

Written by Manfred Hübner | 14 March 2021
Posted in sentix Weekly

Bullish sentiment urges caution

A successful stock market week lies behind us. The DAX and the Euro STOXX in particular were able to report significant price jumps. Investors have noticeably increased their portfolio risks, as our data show. This has clearly improved sentiment. This gives rise to risks. The same applies to the US equity markets. In the smaller stocks, we measure a share of almost 25% of stocks that are now technically overbought. This is also a sign that the air is now getting thinner.

Further results:

• Silver: Basic strategic confidence rises again
• FX: US dollar still in demand
• sentix Sector sentiment

sentix Survey results (10-2021)

Written by Patrick Hussy | 07 March 2021
Posted in sentix Weekly

US Bonds with Countercyclical Buy Signal

Recently, rising yields have put US technology stocks in particular under pressure. Due to the high weight in the main indices, this also had consequences for the broad market. All the more remarkable is the recent turn in the strategic bias for U.S. Treasuries. This has risen by more than 11 percentage points in the last three weeks. Such a rate of change promises purely statistical recovery potential for U.S. bonds. The equity markets should benefit from this.

Further results:

• Equities: Stable underlying confidence, sentiment supports
• FX: US dollar still in demand
• sentix economic index: Monday 08th March 2021 at 10:30 CET

Click here for the full report (requires a sentix registration)