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 19 March: "Exodus to Europa"

Joachim Goldberg

While international professionals are moving their capital from the USA to Europe, the price trend is driving a number of local professionals to the sidelines. Profit-taking near the high, Joachim Goldberg suspects. The sentiment index falls to -2 points. The situation is different for private investors, some of whom have invested in shares. Sentiment rises to +13 points.

The behavioral economist points out that the proportion of professional pessimists is still high at 40 percent of those surveyed. Presumably too many are still in the red. He does not see the bears closing out their positions until 22,600/650 points. However, he believes it is likely that the influx will continue over the next few days. The environment for the DAX thus remains favorable.

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.