MARKET VIEW w/e 26th July 2019

MARKET VIEW w/e 26th July 2019 981 980 Realm

The U.K. Stock market

  • The UK stock market was higher this week.
  • The Pound came under further pressure after Boris Johnson became the new Prime Minister – this seen as increasing the likelihood of a no-deal exit from the EU.
  • Following further disappointing data from the Euro area the ECB signaled it is ready to cut rates and introduce a fresh monetary stimulus package to help the eurozone economy.
  • Our Breadth indicator stayed neutral but our Momentum indicator ticked down.

UK Market 26th July 2019

The U.S. Stock market

  • The US stock market was higher his week. Second quarter earnings reporting season is well underway and more companies than usual have been beating estimates.
  • Stocks rose early in the week when it was announced that trade talks would resume in China this coming week but on Friday White House economic adviser Larry Kudlow said he “wouldn’t expect any grand deal” to result from the visit.
  • The market is pricing in a high expectation for a rate cut this coming week with a lower expectation that it will be a half percent rather than a quarter.
  • Our Breadth indicator turned back to positive this week and our Momentum indicator ticked up again.

US Market 26th July 2019

The Big Picture 26th July 2019

Market Sentiment 26th July 2019

U.S. Risk Barometer 26th July 2019

Europe Risk Barometer 26th July 2019

Emerging Markets Risk Barometer 26th July 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.