MARKET VIEW w/e 18th September 2020

MARKET VIEW w/e 18th 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 18th September 2020

The US stock-market was lower this week 

  • Some positive news re the development of potential coronavirus vaccines helped lift market sentiment early in the week but this faded after a two-day Federal Reserve meeting drew to a close.
  • The Central Bank left the target range for its federal funds rate unchanged at 0-0.25%, in line with market expectations and signaled it would hold them there through at least 2023 to help the economy recover from the coronavirus pandemic. The lack of detail in the guidance left many investors feeling disappointed.
  • Our Breadth Indicator turned negative this week and our Momentum Indicator, although still positive, ticked down again.

US Market 18th September 2020

The Big Picture 18th September 2020

Market Sentiment 18th September 2020

U.S. Risk Barometer 18th September 2020

Europe Risk Barometer 18th 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.