MARKET VIEW w/e 1st March 2019

MARKET VIEW w/e 1st March 2019 981 980 Realm

The U.K. Stockmarket

  • Opposition to Theresa May’s Brexit deal from leading Eurosceptics seemed to soften this week and sterling rallied strongly. This didn’t help UK stocks which were generally lower this week.
  • Sentiment was helped though by better-than-expected Chinese manufacturing data and increased optimism that the U.S. and China could reach agreement over the trade dispute.
  • Our Breadth indicator stayed positive and our Momentum indicator turned positive this week.

UK Market 1st March 2019

The U.S. Stock market

  • The week started on a positive note following tweets from President trump over the previous weekend announcing he would delay higher tariffs on Chinese goods (due on 1st March) as there had been “substantial progress” in negotiations.
  • However, Robert Lighthizer, chief trade negotiator, dampened enthusiasm midweek by saying “much still needs to be done”.
  • Economic data was disappointing, e.g. December housing starts fell sharply as did consumer spending.
  • Our Breadth indicator stayed positive this week and our Momentum indicator (although still negative) ticked higher again and is close to turning positive.

US Market 1st March 2019

The Big Picture 1st March 2019

Market Sentiment 1st March 2019

U.S. Risk Barometer 1st March 2019

Europe Risk Barometer 1st March 2019

Emerging Markets Risk Barometer 1st March 2019

Disclaimer:  ‘Where the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy.

This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.