MARKET VIEW w/e 12th June 2020

MARKET VIEW w/e 12th June 2020 981 980 Realm

The U.K. Stock market

  • Stock-markets fell in the U.K. and Europe this week on renewed coronavirus fears after reports showed an increase in new cases.
  • Governor of the Bank of England, Andrew Bailey, said there were signs of pickup but warned that long-term economic damage was likely.
  • Economic data showed that U.K. GDP shrank by 20.4% in April (a record) with the economy contracting 24.5% year on year.
  • Our Breadth indicator turned neutral this week (from positive) but our Momentum indicator, although still negative, ticked up again.

UK Market 12th June 2020

The U.S. Stock market

  • The U.S. stock-market was sharply lower this week. Investors focused on a downbeat economic forecast from the Fed and fears of a second wave of coronavirus infection after reports showed an increase in new cases.
  • Following the latest Fed policy meeting that concluded on Wednesday, the U.S. central bank said it expects the economy to contract by 6.5% this year and indicated that rates are likely to remain close to zero through to 2022.
  • Our Breadth indicator stayed positive this week and our Momentum indicator, although still negative, ticked higher again.

US Market 12th June 2020

The Big Picture 12th June 2020

Market Sentiment 12th June 2020

U.S. Risk Barometer 12th June 2020

Europe Risk Barometer 12th June 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.