sentix Survey results (22-2026)

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Few bulls, but plenty of call being traded

Whilst share prices continue to exceed expectations, this is not translating into a rise in investor sentiment. That is interesting. For investor behaviour, at least on the US stock market, is very aggressive. Rarely before have so many calls been traded relative to puts. And rarely before has the gap between this and the measured sentiment been so wide.

Further results

  • Equities: Negative sentiment divergence and weak underlying confidence
  • Precious metals: Silver is decoupling negatively from gold

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sentix Survey results (21-2026)

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Underlying confidence continues to erode

The bond market is under pressure. And despite rising interest rates, investors still do not see long-term bonds as an attractive investment. Things were different in 2024. Rising interest rates are likely also a major factor behind the weak strategic confidence in the stock market. A stable stock market environment looks quite different.

Further results

  • Bonds: Not attractive despite rising interest rates
  • Precious metals: Persistent underlying confidence
  • sentix investor positioning in equities, bonds and others assets

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sentix Survey results (20-2026)

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It's crunching loudly

Sentiment towards US equities remains tense. There is a lack of euphoria – despite the S&P 500’s recent all-time highs. Instead, a dangerous divergence in sentiment has emerged, accompanied by a high-risk situation: the risk radar indicates a similarly high level of stress as in autumn 2025. At the same time, medium-term concerns are growing. The equity bias is crumbling, fuelled by mounting pressure in the interest rate market. Bonds could be facing a crucial test. Can precious metals decouple positively from this?

Further results

  • Bonds: A real test
  • Precious metals: Weak on the charts, but supported by sentix data
  • sentix Styles – Risk appetite and investor preferences

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sentix Survey results (19-2026)

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Immer neue Allzeithochs, aber nicht im Sentiment

Der Aktienmarkt schafft seine eigenen Fakten: neue Allzeithochs in den USA und Japan führen bislang nicht dazu, dass die Anleger jubeln. Die Stimmungsreaktion fällt eher mäßig aus. Geopolitik, die deutsche Regierungspolitik und das Thema Wahlen lasten auf den Einschätzungen zum Aktienmarkt. Auch die Politik von Donald Trump wird weiterhin als Belastung wahrgenommen, auch wenn sich im Mai der negative Einfluss seiner Politik etwas zurückbildet. Hauptprofiteure scheinen Edelmetalle und Kryptowährungen zu sein.

Weitere Ergebnisse

  • Edelmetalle: Starke Zuversicht, geringe Positionierung
  • Bitcoins: Der Bias steigt weiter
  • sentix Sektor-Sentiment

Lesen Sie hier die Ergebniskommentierung

sentix Survey results (18-2026)

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Key investment theme

The bond market and the factors influencing it remain the central focus. This is because concerns over high inflation continue to weigh on investor sentiment. This has a direct impact on the outlook for bonds. Central banks are currently (still) hesitating and trying to play for time. When action is finally taken, significant market reactions are inevitable. We saw a foretaste of this at the end of the week with the Japanese yen: the BoJ abandoned its restraint and intervened in the currency market. There are many signs pointing to a hot summer for investors. 

Further results

  • Equities: Patt
  • Silver: Fresh buy signal for TD
  • sentix economic index: Monday, 04th May 2026 at 10:30 CEST

 Click here for the full report

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