indexes in this article
By Herbert Rude
Despite the recent rise in the DAX, the mood on the German stock market has not improved. According to Deutsche Börse’s new sentiment survey, institutional investors have become even more pessimistic: The share of bears rose by 8 percentage points to 32 percent compared to the survey in the middle of last week. The bull camp fell 4 points to 46 percent and the neutral camp fell 4 points to 22 percent.
On the other hand, among the private sector, the neutral camp increased by 6 points to 28 percent. The bull camp fell 3 points to 40 percent and the Bren camp fell by the same amount to 32 percent.
“The unbroken optimism among domestic private investors is understandable, because they are often forced to remain trapped in their bullish positions, which are still causing losses,” says Joachim Goldberg, who conducts and evaluates the survey.
The “domestic” optimism, which in the relative view from a three-month perspective still tends to appear in a neutral guise, is not a burden for the DAX, but it is also not a strong driver. “And so the stock market barometer remains the plaything of short-term players,” says the analyst for behavioral finance.
US retail investors extremely neutral
According to the new AAII survey, the proportion of bulls among US private investors fell by 1.5 points to just 22.5 percent. The Bren camp shrank 2.4 points to 27.8 percent. At 49.8 percent, half of the participants are now in the neutral camp, an increase of 4 percentage points.
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March 17, 2022 07:09 ET (11:09 GMT)