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 9 April: "Enough is enough"

Joachim Goldberg

The 10 percent drop in the DAX since last Wednesday has tempted local investors to buy. Under the motto “enough is enough”, as Joachim Goldberg suspects. 17 percent of professionals and 10 percent of private investors bought shares. 8 percent and 2 percent respectively came from the bear side.  Due to the high volatility, the behavioral economist can hardly draw any conclusions about entry prices. The two sentiment indices are in optimistic territory at 15 and +18 points.

Goldberg sees longer-term dip buying and bargain hunting behind this, the latter of which can quickly disappear again. On the upside, profit-taking has created a near barrier. On the downside, these long positions could provide additional momentum for further losses if they have to be sold to limit losses. All in all, according to his assessment, an uncomfortable situation for the DAX.
 

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.