MARKET VIEW w/e 9th October 2020

MARKET VIEW w/e 9th October 2020 981 980 Realm

The UK stock-market was higher this week

  • UK and European stock-markets were higher this week on increasing optimism that the Trump administration will pass new stimulus measures.
  • Coronavirus cases increased again in the UK and the Prime Minister Boris Johnson is due to announce new restrictions on Monday.
  • The UK and the EU continued their meetings to resolve the stale-mate on their post-Brexit relationship.
    The deadline for an outline of a deal is set for later this coming week; fishing rights remain a major obstacle.
  • Our Breadth Indicator turned positive but our Momentum indicator stayed negative this week.

UK Market 9th October 2020

The US stock-market was higher this week 

  • The US stock-market was strongly higher this week with small-caps out-performing.
  • On Tuesday, equities closed sharply lower following President Trump’s tweet that he would end negotiations on a new fiscal stimulus package. Trump said he had instructed his administration’s negotiators to stop stimulus discussions with Democrats until after the Nov.3 presidential election. Markets more than recovered after the President later began tweeting positive messages, raising hopes that an aid package could in fact be agreed. Negotiations over the new stimulus deal will again be in focus this coming week.
  • Our Breadth Indicator turned positive this week but our Momentum Indicator, although still positive, ticked down again.

US Market 9th October 2020

The Big Picture 9th October 2020

Market Sentiment 9th October 2020

U.S. Risk Barometer 9th October 2020

Europe Risk Barometer 9th October 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.