sentix ASR Essentials 25-2017

Print

High underlying uncertainty points to volatility pick-up

The latest sentix survey indicates that investors are now only modestly pessimistic on the near-term outlook for equities, set against a medium-term strategic bias that has seen a marked improvement in recent months. However, highly elevated sentix neutrality indices suggest that there is also an underlying uncertainty on the nearterm outlook for equity markets. This fits in with survey positioning data which suggest that over-investment in equities is running at below longer-term average levels. It is a similar story in bonds, with near-term neutrality highly elevated on bunds. The risk is that such high uncertainty leads to a pick-up in volatility in equities and bonds over the summer. See Charts 2-4, p2.

Click here for the full report

We use cookies and third-party services that store information in the end device of a site visitor or retrieve it there. We then process the information further. This all helps us to provide you with our basic services (user account), to save the language selection, to optimally design our website and to continuously improve it. We need your consent for the storage, retrieval and processing. You can revoke your consent at any time by deleting the cookies from this website in your browser. Your consent is thereby revoked. You can find further information in our privacy policy. To find out more about the cookies we use and how to delete them, see our privacy policy.

I accept cookies from this site.

EU Cookie Directive Module Information