sentix Survey results (36-2025)

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Written by Manfred Hübner | 07 September 2025
Posted in sentix Weekly

Unusual stability thanks to many short-term stock bears

There continues to be a significant discrepancy between the attitudes of investors surveyed by the AAII in the US and sentix investors with regard to equities. The sentix data shows a much higher number of neutral investors. Only in 2006 were we able to measure similarly high differences. The number of short-term bears, on the other hand, is similarly high, and this fact is currently lending the market its unusual stability.

Further results

  • Bonds: Basic strategic confidence is being undermined
  • Silver: Euphoric mood
  • sentix Economic Index: Monday, Sep. 8, 2025, 10:30 a.m. CEST

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sentix Survey results (35-2025)

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Written by Manfred Hübner | 31 August 2025
Posted in sentix Weekly

Equity sentiment remains subdued

Investor sentiment toward equities remains negative. Over the course of the week, we have also measured a reduction in portfolio risks. Investors therefore appear to have a fair amount of respect for the traditionally difficult month of September. This could lend the stock market a stability that it rarely exhibits at this time of year. There are also interesting sentiment signals for USD-JPY and gold.

Further results

  • Equities: Chinese stocks show signs of risk
  • Gold: Strategic bias remains high, but positioning does not
  • USD-JPY: Interest rate differentials weigh on strategic confidence

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sentix Survey results (34-2025)

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Written by Manfred Hübner | 24 August 2025
Posted in sentix Weekly

The bull market in equities is not spreading to sentiment

The stock markets, led by the US markets, have so far defied their seasonal pattern in a remarkable way. There are no signs of a summer slump as yet. However, investors remain cautious. The price gains are not translating into investor sentiment. In our view, this is cautionary investor behavior. The outlook for gold and silver, on the other hand, is better.

Further results

  • Gold: Stable underlying confidence is positive
  • EUR-JPY: High overconfidence, as in 2007
  • sentix investor positioning in equities, bonds and others assets

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sentix Survey results (33-2025)

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Written by Manfred Hübner | 17 August 2025
Posted in sentix Weekly

All-time highs in equities have little impact on equities

Despite new all-time highs, sentiment among US equities is rising only slightly. The market is unable to “shake off” investors' concerns. While US data (AAII) tends to show polarization (neutrality declining), we are measuring high investor irritation (neutrality rising). The sentix data therefore points to rising volatility. In conjunction with weak market breadth and the still weak seasonal window, we therefore remain rather defensive on equities.

Further results

  • Gold: TD Index remains a source of support
  • EUR-JPY: High overconfidence slows the rise
  • sentix Styles - Investor preferences & behavior

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sentix Survey results (32-2025)

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Written by Patrick Hussy | 10 August 2025
Posted in sentix Weekly

Calming the mood in the hope of peace

After the bearish sentiment extreme in the previous week, there has been a countermovement in equities. This was favoured by hopes of peace in Ukraine. Whether an agreement can be reached is questionable. Sentiment therefore remains slightly negative. By contrast, the medium-term equity bias is stable. There is therefore much to suggest a quiet week for equities. Precious metals are also likely to be exciting: The bias has made an advance with a high for the year. This means that there is a need to catch up in terms of positioning behaviour.

Further results

  • Equities: Investors give Switzerland a wide berth
  • Precious metals: New annual highs in the bias of gold & silver
  • sentix sector sentiment

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