MARKET VIEW w/e 25th January 2019

MARKET VIEW w/e 25th January 2019 981 980 Realm

The U.K. Stockmarket

  • The U.K. Stockmarket was lower this week; currency traders seem to be pricing in the idea that a ‘no-deal’ Brexit will not become a reality.
  • The large-cap FTSE100 under-performed due to a strong rally in sterling this week.
  • UK data showed mortgage approvals falling for a second consecutive month and that credit card lending growth was slowing.
  • Our Breadth indicator stayed positive and our Momentum indicator, although still negative, ticked higher again.

UK Market 25th January 2019

The U.S. Stock market

  • The U.S. Stock market was flat this week.
  • There was a weak start to the week after the IMF lowered its forecast for global growth and data indicated a deceleration in China. There were also reports that the U.S. government had rejecetd an offer to hold preparatory talks with Chinese officials ahead of this coming week’s formal trade negotiations. These reports were quickly denied but Commerce Secretary Wilbur Ross did say the U.S. and China were “miles and miles” away from an agreement.
  • The market recovered to the end of the week on good wages data, some good earnings reports and signs that Republicans and Democrats were close to an agreement to end the government shutdown.
  • Our Breadth indicator stayed neutral and our Momentum indicator (although still negative) ticked higher.

US Market 25th January 2019

The Big Picture 25th January 2019

Market Sentiment 25th January 2019

U.S. Risk Barometer 25th January 2019

Europe Risk Barometer 25th January 2019

Emerging Markets Risk Barometer 25th January 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.