sentix Survey results (40-2022)

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Fear subsides, Instis take courage

Following the recent record pessimism in sentiment for equities, fears of further price losses are clearly subsiding. Investors' medium-term outlook is also stabilizing at a low level in parallel, so that a bottoming out is possible. Institutional investors are sending a promising signal with their strategic bias, which is improving significantly: we are measuring the highest value since mid-March 2022.

Further results

  • Bonds: Promising
  • Gold: Convincing development
  • sentix economic index: Monday, 10th October 2022 at 10:30 CEST

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sentix Survey results (39-2022)

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All-time low in the Super Neutrality Index

One all-time extreme is currently following the next: After the record low in stock sentiment the previous week, the Super Neutrality Index for German (and European) stocks is now marking an all-time low. Never before in sentix history have there been fewer neutrals than today. Extreme values in this indicator have signal character: "almost every" investor now has an opinion. A low in the Neutrality Index indicates a massive trend exhaustion.

Further results

  • Equities: Chances increase - no zero-one decision
  • China: High Overconfidence in CSI 300
  • Gold: Bias versus positioning

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sentix Survey results (38-2022)

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Equities at the crossroads

In the course of the week, the high level of fear turned into a touch of panic. At times, share prices fell significantly. Sentiment remains very weak. The market has now reached an interesting crossroads: do we continue to follow the 2008 path, which so far has also coincided relatively well with 2001? Or is the market changing lanes and following the 2001 path? The difference between 2001 and 2008 could hardly be greater as of now.

Further results

  • Bonds: Normalisation in strategic bias
  • FX: Euro sentiment collapses
  • sentix investor positioning in equities and bonds

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sentix Survey results (37-2022)

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Equity sentiment at another all-time low

September lives up to its reputation. Even weak equity sentiment does not save them from price weakness. In fact, this is rather untypical in the USA at this time of the year. It is the three weeks after the futures decline that are well remembered by the bears there.

Further results

  • Bonds: TD Index at lowest level since 2010
  • Gold: Strategic bulls give up
  • sentix styles - Investor preferences & behavior

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sentix Survey results (36-2022)

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Basic confidence in equities remains the core problem

The very high level of fear that we measured on equities in the previous week gave way somewhat in the course of the week. Nevertheless, equities should still benefit somewhat from the poor sentiment. However, we continue to doubt that we are at a classic contrarian buying point. Fundamental confidence simply remains too weak. Moreover, in our view, the action patterns do not reflect the seriousness of the situation. The parallels to 2001 and 2008 still exist.

Further results

  • Crude oil: Risks increase
  • Silver: OCI and bias with positive signals
  • sentix sector sentiment

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