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 4 December: "Christmas presents already in Advent"

Joachim Goldberg

The DAX has risen 1,000 points since last Wednesday. And thus stabbed the local professionals on the short side in the back. The bear camp has grown by 10 percent, 4 percent have sold shares, 6 percent have come off the sidelines. The sentiment index has fallen to the zero line. Joachim Goldberg sees skepticism behind this, partly because there were no favorable entry opportunities. The situation is different for private investors, whose belief in a year-end spurt remains intact with a sentiment index at +18 points without any significant shift.

For the behavioral economist, the price gains amid rising pessimism among local investors point to long-term capital inflows and many new short positions under water, which form a support from 19,690/750 points. On the upside, the many bulls can prevent a short squeeze by taking profits. All in all, positive signs.

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.