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. June: "When fear replaces skepticism”

Joachim Goldberg

The 2 percent loss in DAX shares since last Wednesday has been accompanied by a slump in sentiment among local investors. Among professionals, 8 percent have sold shares and only 2 percent have opened short positions. The sentiment index has fallen to -25 points. Joachim Goldberg sees geopolitical concerns as the trigger for this. The situation is different for private investors, 8 percent of whom are now short and 5 percent of whom have sold shares. The sentiment index has fallen to zero. The behavioral economist points to the high level of optimism among this group.

For Goldberg, domestic investors are the trigger for the DAX's weakness. Little has changed in the international attitude. Remarkably, hardly any profits have been taken. The bottom line is a positive starting position, as the demand potential is now significantly higher. “As soon as the initial effects of getting used to the fears have set in”.

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.