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 20 November: "Deceptive optimism"

Joachim Goldberg

Local investors have reacted very differently to the strong movements within a trading range of 2.6% since last Wednesday. 12% of bears have closed their short positions and have almost exclusively moved to the sidelines. Private investors reacted differently, with 8% of them exiting DAX shares and the majority entering short positions. The sentiment indices diverge again at +25 and +16 points.

Joachim Goldberg sees profit-taking as the main motive among professionals. In relative terms, he considers optimism to be high, but not exaggerated. Nevertheless, the starting position is now more uncomfortable. The behavioral economist now expects the bulls to start selling at 19,500 points. And the support would be more fragile on the downside.

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.