Sentiment indicator of Deutsche Börse
Market sentiment
Opinions make markets: Every Wednesday, Deutsche Börse surveys the market expectations of active investors and has the results interpreted in accordance with the findings of the behaviour-oriented capital market analysis, Behavioral Finance. The analysis is published here around 4 pm.
Market sentiment analysis as of 17 December: “Domestic caution and international risk appetite”
German blue chips remain unchanged from the previous week, even though there was a brief upturn in the meantime. Among professionals, 10 percent have withdrawn from short positions and 8 percent have switched to the long side. Joachim Goldberg suspects that this is not out of necessity, but rather because of significant profits. The sentiment index rose to +16 points. The situation is different for private investors, 10 percent of whom sold shares. The behavioral economist suspects that this group has “already closed the books in some cases.” Rightly so?
Goldberg assesses the mood as relatively neutral to pessimistic and sees no imbalances. Much more relevant, he says, is the attitude of international investors, who are once again buying more shares, including European ones, and whose cash holdings are at a rare low: a classic contraindication. He is cautiously optimistic about the next few days.
Your opinion counts: Market expectations of investors
All interested investors are invited to participate. It takes only 15 seconds. Every Tuesday you will receive an e-mail with a survey link. You will receive the results of the analysis by e-mail.
Sentiment analysis now also available as a podcast
You can listen to or download the sentiment analysis directly from this page.
Of course, it's also available on the usual podcast platforms Spotify, iTunes, Podcaster, Amazon, Google, where you can subscribe to it.
Method
Investors with bullish expectations are long, investors with bearish short. Cost prices and imbalances can be deduced in particular from the changes. Often the sentiment index functions as a counter-indicator because there is no potential demand, but this does not fit in every market situation.
Joachim Goldberg
For more than 30 years, Joachim Goldberg has been dealing with the interaction of people and markets. But it was not until he discovered the psychological influences on the financial markets that the graduate banker and former currency trader thought he had come close to what drives and moves the world of finance.
Deutsche Börse 
