MARKET VIEW w/e 25th September 2020

MARKET VIEW w/e 25th September 2020 981 980 Realm

The UK stock-market was lower this week

  • Markets remained focused on the coronavirus pandemic with the U.K. reporting its highest number of new coronavirus cases in a single day since the start of mass testing. Prime Minister Boris Johnson decreed tighter social restrictions, advised people to work at home, and increased fines for noncompliance.
  • In Europe worries about a second wave of coronavirus across the region and growing uncertainty about the pace of economic recovery rendered the mood bearish.
  • The British pound recovered some lost ground as Bank of England Governor Andrew Bailey downplayed the prospect of negative interest rates in the future.
  • Our Breadth Indicator stayed negative and our Momentum indicator, turned negative this week.

UK Market 25th September 2020

The US stock-market was lower this week 

  • The number of people infected with Covid-19 in the United States surpassed 7 million by the end of the week, of which over 203 thousand have died.
  • On a more positive note investors were also focused on hopes for further stimulus with Democrats putting together a new proposal for negotiations with the White House and comments from Fed Chair Jerome Powell who said the central bank remains “committed to using our tools to do what we can, for as long as it takes, to ensure that the recovery will be as strong as possible.”
  • Our Breadth Indicator stayed negative this week and our Momentum Indicator, although still positive, ticked down again.

US Market 25th September 2020

The Big Picture 25th September 2020

Market Sentiment 25th September 2020

U.S. Risk Barometer 25th September 2020

Europe Risk Barometer 25th 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.