sentix Survey results (39-2025)

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Written by Manfred Hübner | 28 September 2025
Posted in sentix Weekly

Significant increase in crude oil bias opens up price potential

Sentiment on the stock markets remains subdued. There is still a negative divergence in sentiment. We are seeing a significant increase in the strategic bias toward crude oil. This indicates a willingness to buy, which is rather unusual at this time of year. In contrast, fundamental strategic confidence in precious metals and bonds is crumbling.

Further results

  • Equities: Continued atypical sentiment development
  • FX: Euro strength likely to run out of steam
  • sentix investor positioning in equities, bonds and others assets

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sentix Survey results (38-2025)

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Written by Patrick Hussy | 21 September 2025
Posted in sentix Weekly

Summer fears fade and confidence returns

The Fed is cutting interest rates for the first time in 2025 and professional investors are recognising this with a falling perception of the value of US bonds. While this is certainly a critical factor for bond investors, on the other hand it is causing investors to look upwards for equities. The bias for US equities in particular is increasing significantly, while at the same time summer fears are subsiding. This is accompanied by a series of overconfidence signals. The emerging markets are also creating a favourable mood.

Further results

  • Equities: Overconfidence on the rise across the board
  • Emerging markets: bonds and equities are in vogue
  • sentix Styles - Investor preferences & behavior

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sentix Survey results (37-2025)

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Written by Manfred Hübner | 14 September 2025
Posted in sentix Weekly

The negative sentiment divergence persists

With a slight delay, the AAII index now also reflects the decline in bullish sentiment on the US stock market. Such a clear disconnect between sentiment and price must be viewed as negative sentiment divergence. This type of divergence regularly occurs before a market peak. In contrast, sentiment towards gold is excellent, as is the underlying confidence in gold mining stocks.

Further results

  • FX: Renewed overconfidence signal for EUR-JPY
  • Gold: In high spirits
  • sentix sector sentiment

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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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