April, April

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"Just an April Fool's joke" - how we would like to say that this year in relation to the Corona virus. But the virus, and even more so the economic effects are unfortunately absolutely real. Will April now bring the hoped-for reversal of the equity market?

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sentix Survey results (12-2020)

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Waiting for the "rally of hope"

The mood for stocks remains depressed. In view of past experience, a technical countermovement is more than overdue. Now that the maturity of futures is also behind us, it would now be time for such a recovery. But what is normal in these times? In any case, the robust strategic bias of investors is beginning to crumble. Investors are realising that the hope of a quick return to normality was probably deceptive.

Further topics:

  • Bonds: Basic trust erodes further
  • Oil: Surprising bias rise
  • sentix styles - Investor preferences & behavior

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

sentix Survey results (11-2020)

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"Bias Rise" as a Hope

Sentiment for equities had recently fallen sharply. This week we are measuring a slight increase in sentiment for US equities of 8 percentage points, even though the absolute value of -34 percentage points still remains in bearish territory. Surprisingly, investors are showing confidence as they look to the medium term. There are some signs of easing - at least in the short term.

Further topics:

  • Precious metals: Selling pressure increases
  • Bonds: No value – Part 2
  • sentix Sector sentiment

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

Welcome to Absurdistan

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Anyone who thought that the bond markets had already experienced their greatest possible exaggeration in the summer of 2019 has recently been proven wrong in the wake of the Corona crisis. We would not have thought that the yield on 10-year Bunds could once again reach a new all-time low. For US bonds we were somewhat more opti-mistic (and therefore had a long position in our fund here), but a fall in interest rates from 1.5% to 0.5% within a month was beyond our imagination.

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sentix Survey results (10-2020)

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All-time lows in equity sentiment

The situation is becoming more and more extreme: We are measuring an extremely high level of pessimism, particularly with regard to equities and crude oil. The sentiment barometers for stocks in Euroland and Japan even mark historic all-time lows! On the other hand, it is bonds and precious metals that make investors cheer in the crisis. But their bias is eroding and signals selling pressure. It is astonishing that investors are keeping their bias high for equities in the medium term. The reliance on the central banks is once again high.

Further topics:

  • Precious metals: Erosion in bias
  • Bonds: No value
  • sentix economic index: Monday, 09.03.2020 at 10:30 A.M.

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

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