Dax-Sentiment: Verzerrte Wahrnehmung am Aktienmarkt
Die Kurse fallen, aber die Anlegerstimmung bleibt neutral, zeigt eine Handelsblatt-Umfrage. Diese Form der Realitätsverweigerung ist gefährlich, sagt ein Analyst.
On the German stock market, the benchmark index Dax lost around two percent in weekly trading. However, the investor sentiment does not appear to be affected by this decline, as evidenced by the results of the current Handelsblatt survey, known as Dax-Sentiment. Stephan Heibel, the Managing Director of the analytics firm AnimusX, is surprised by this development and expresses concern regarding a possible perception distortion.
The Handelsblatt conducts a weekly poll of more than 10,000 private investors to gauge their current market assessment, and Heibel analyzes the responses and adds extra indicators. While the investor sentiment deteriorates following the previous week's stock losses, it only drops from a positive 2.9 to a positive 1.0 point. Heibel notes that this results in a neutral, or even slightly positive, mood among the survey participants, which is surprising given the two percent weekly decline in the Dax.
Heibel suggests that the cause of the declining prices may not be bad company news, but rather the development of interest rates, which, while affecting the companies, seems to have a greater impact on the stock prices.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
