MARKET VIEW w/e 11th September 2020

MARKET VIEW w/e 11th September 2020 981 980 Realm

The UK stock-market was lower this week

  • despite the deteriorating relationship with the EU with Boris Johnson’s government determined to push ahead with its plan to rewrite the withdrawal agreement.
  • The Pound fell hard with the EU threatening legal action as tensions rose
  • The ECB left its key interest rates and the size of asset purchases unchanged, as expected, and reiterated that it stands ready to make adjustments to its tools when needed.
  • Our Breadth Indicator stayed negative and our Momentum indicator, although still positive, ticked lower again.

UK Market 11th September 2020

The US stock-market was lower this week 

  • with the technology-heavy Nasdaq index hit the worst. Profit taking and frustration at the lack of progress in talks to agree a new stimulus package were most likely to blame.
  • News that Astrazeneca had suspended trials of its coronavirus vaccine also weighed on sentiment, although the company (with Oxford University) announced over the weekend that the trials were resuming.
  • Our Breadth Indicator turned neutral this week but our Momentum Indicator, although still positive, ticked down again.

US Market 11th September 2020

The Big Picture 11th September 2020

Market Sentiment 11th September 2020

U.S. Risk Barometer 11th September 2020

Europe Risk Barometer 11th September 2020

Disclaimer:  ‘Where the business has 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.