Markets

Market Sentiment: “Lost Patience” – Columns

Thursday,
December 10, 2020
00:35

from Frankfurt stock exchange experts, Deutsche Börse

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Local investors seem to have ended the year with a sprint. According to Joachim Goldberg, that is exactly what could trigger this.

The DAX is staying up and the medium-term investors react with short exposures. At least 14 percent of professionals and 6 percent of private investors have switched to the bear side. 9 and 12 percent have sold shares. That pushes the two sentiment indices down to 8 and 13 points, respectively.

For Joachim Goldberg, the bulls are disappointed that the DAX seems to be stuck at this year’s high. But the bears have also waited in vain for further setbacks. The local players would have already finished with a year-end spurt. The behavioral economist suspects that foreign investors bear the prices. However, due to the new pessimism, the prospects for rising prices have improved again. The bears should smooth out from 12,950 / 12,900 points and upwards a small short squeeze could make steam at 13,795 points.

You can read the full analysis at www.boerse-frankfurt.de/nachrichten/2b78359d-b266-471c-8eb1-0c0196cc5438

It’s your turn

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Would you like to participate? Then just write an email to sentiment@deutsche-boerse.com

Joachim comments himself

You can watch the video on Youtube look at.

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