sentix Survey Essentials (English)

High uncertainty on near-term outlook for Equities

The latest survey highlights a couple of notable trends. While near-term sentiment towards Bunds has continued to recover, with readings bouncing back to relatively neutral levels, investors continue to become less upbeat on bonds from a mediumterm perspective. At the same time, investors appear to be losing their faith in equities from a medium-term strategic viewpoint with medium-term readings weakening across the board (see Chart 3, page 2). At the same time, the latest survey points to notable levels of uncertainty among survey participants on the near-term outlook for equities, as measured by the sentix neutrality index. Such a high degree of uncertainty would suggest near-term volatility may remain a feature for equity markets.