Part 4/8:
Deuser reflects on the current bullish sentiment in the market, acknowledging its role as a contrarian indicator. However, he insists that sentiment alone is not sufficient to justify drastic changes in portfolio positioning. Instead, he suggests waiting for definitive catalysts that could affect sentiment before making any substantial shifts.
He cautions against overly relying on sentiment trends, reiterating that potential market corrections typically require concrete triggers rather than mere speculation. He stresses the importance of backing sentiment with solid fundamentals.