Sentiment indicator of the Frankfurt Stock Exchange

Market sentiment

Kleine Skulptur von Bär und Bulle auf der Galerie

Opinions make markets: Every Wednesday, the Frankfurt Stock Exchange 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 18 September: "Rosy Prospects"

Joachim Goldberg

In the run-up to this Wednesday's interest rate decision, the medium-term investors we surveyed reacted with growing optimism. 7 percent of professionals and 9 percent of private investors have invested in equities, with the majority of professionals coming from the sidelines and the majority of private investors from the short side. Joachim Goldberg points out that expectations of the extent of US interest rate cuts have risen significantly without hard facts. Presumably due to the fear of missing out.

The behavioral economist also sees international fund managers behind the price increases, but believes on balance that the optimism should not yet be a burden on the market. On the upside, however, profit-taking is likely to stand in the way of further price gains above 19,000 points.

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

Xetra-Händler vor Monitoren

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.