Upswing (still) without Germany

Written by Manfred Hübner | 03 March 2024
Posted in sentix Economic News

At the beginning of March 2024, the sentix economic indices are improving for the most part, albeit still in mostly small steps. The overall Eurozone index rises by 2.4 points to -10.5 points. This is the fifth increase in a row. The situation also improved for the fifth time and expectations even for the sixth time (+3.2 points to -2.3 points). Nevertheless, one cannot speak of a typical spring revival. This is because Germany, as an economic heavy-weight, remains the ghost driver and is hampering the recovery. The situation looks more favourable in the other global regions. The USA, Asia ex Japan and Latin America are particularly favourable.

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sentix Survey results (08-2024)

Written by Manfred Hübner | 25 February 2024
Posted in sentix Weekly

Rational in an irrational market?

The stock markets continue to surprise with rising prices. The risk situation already indicated a month ago has at best slowed down the price upswing but has not yet led to a correction. As a result, the risk situation for equities has not eased, but rather increased across the board. There is increasing irritation at the strategic level. The picture is clearer for investors in precious metals.

Further results

• Bonds: Attractiveness declines
• Silver: Basic confidence continues to rise
• sentix investor positioning in equities and bonds

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sentix Survey results (07-2024)

Written by Patrick Hussy | 18 February 2024
Posted in sentix Weekly

Taking part is everything

Sentiment neutral, neutrality near record highs, neutral in the portfolios. This is the result of an investment behavior that basically illustrates the perplexity, but also underlines the desire to participate in the development of the stock markets. There is a sense of unease (falling bias), but no desire to miss out (neutral positioning). If there is also a reward mechanism for taking risks through rising prices, the danger of overconfidence increases. The picture appears much more favorable for silver.

Further results

• Equities: You feel uneasy, but don't want to miss anything
• Silver: Something's up!
• sentix Styles - Investor preferences & behavior

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sentix Survey results (06-2024)

Written by Patrick Hussy | 11 February 2024
Posted in sentix Weekly

The year of the dragon has begun

The Chinese celebrate their New Year and welcome the "Year of the Dragon". In the last few trading days, shares there have performed a "reversal". This was very noticeable in the mid-caps (CSI 1000), following a broad-based sell-off in January 2024. Investors have recognized for some time that the price decline there represents an investment opportunity: The bias is emancipating itself and paints a completely different picture than for the other equity markets. On the sector side, the usual picture is emerging: investors are in love with pharmaceuticals and technology stocks.

Further results

• Equities: Overconfidence is also on the rise in the eurozone
• Bonds: Improved starting position
• sentix sector sentiment

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sentix Survey results (05-2024)

Written by Manfred Hübner | 04 February 2024
Posted in sentix Weekly

High-risk situation for US equities

Surprisingly, the renewed all-time high in the S&P 500 is not fuelling investor sentiment. On the contrary, sentiment is actually falling. This represents a clear negative sentiment divergence. Added to this is the high risk situation, as indicated by the Overconfidence Index and the sentix Risk Radar. US equities are therefore a "hot potato".

Further results

• Gold: Gold miners out of fashion beyond measure
• FX: Euro bias tilts
• sentix economic index: Monday, 05.02.2024, 10.30 CET

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