sentix Survey results (16-2024)

Written by Patrick Hussy | 21 April 2024
Posted in sentix Weekly

Sentiment deteriorate, willingness to buy increases

The mood on the stock markets continues to deteriorate. The Middle East conflict and the weakness of technology stocks are having an impact. Sentiment on many stock markets has now reached contrary levels. At the same time, medium-term confidence is increasing. Overall, the general conditions for the equity market are improving. By contrast, things are not looking so good for bonds. The question therefore arises as to whether rising yields could potentially slow down a strong recovery in equities.

Further results

• Bonds: Unfavourable development
• Gold: The signs are pointing to consolidation
• sentix Styles - Investor preferences & behavior

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sentix Survey results (15-2024)

Written by Patrick Hussy | 14 April 2024
Posted in sentix Weekly

Too little fear for a rapid end to consolidation

Sentiment on the stock market continues to plummet. We are measuring the lowest sentiment value for many indices since January 5, 2024, reflecting fears of an escalation of the conflict in the Middle East. However, it still seems too early to sound out a contrarian buy point from a sentiment analysis perspective. The existing fears are there, but compared to historical market turning points, they have not yet reached the quality that would suggest an anti-cyclical entry. The AAII Bull-Bear Index, for example, is still relatively high and therefore has a lot of "reaction space" to offer.

Further results

• Precious metals: First of all at the top
• FX: Interest rate differentials and bias pro US dollar
• sentix sector sentiment

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Will everything be fine now?

Written by Manfred Hübner | 08 April 2024
Posted in sentix Economic News

Will there finally be a sustainable economic upturn? At least the economic recovery in the eurozone and world-wide is continuing. We are measuring the sixth consecutive rise in the overall index for the eurozone. The index rises to -5.9 points. Expectations for the eurozone have even risen for the seventh time and, at +5 points, are at their highest level since February 2022. The economic signals are also stabilising internationally. Only Austria is an exception here with a completely divergent development.

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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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Crisis in Germany remains stubborn

Written by Patrick Hussy | 04 February 2024
Posted in sentix Economic News

The sentix economic index for the eurozone rises by +2.9 points to -12.9 points in February, the fourth consecutive increase. Nevertheless, the recovery process remains sluggish. This is mainly due to Germany. The current assessment there fell to -39.3 points, while expectations recovered only sluggishly by 2.3 points. With the expectations component still at -14.0 points, the recession theme therefore remains. Internationally, there are increasing signs of recovery. The US region in particular is scoring well, with the overall index rising by 5.9 points to 12.1 points. Asia also continues to impress. The Asia ex Japan (China) region and Japan itself continue to try to develop economic momentum. As a result, the sentix Global Aggregate climbs to its highest level since February 2022.

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