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MARKET VIEW w/e 15th November 2019

MARKET VIEW w/e 15th November 2019 981 980 Realm

The U.K. Stock market

  • The U.K. stock market was lower this week. Data showed that the UK grew 1% in the quarter and avoided recession. The economy grew at its slowest annual rate in about a decade, due largely to Brexit uncertainty.
  • Rating agency Moody’s lowered its outlook for the UK to negative.
  • Germany also avoided falling into technical recession by growing just 0.1% in the quarter.
  • Our Breadth indicator stayed positive and our Momentum indicator ticked up again.

UK Market 15th November 2019

The U.S. Stock market

  • The U.S. stock market was higher this week. 
  • Increased optimism about a “phase one” trade deal was the main driver of sentiment with President Trump stating a trade deal (albeit a partial one) was close.
  • There was further indication this week from Federal Reserve Chair Jerome Powell that the Fed was on “pause” after cutting rates in October and implied there would need to be a significant deterioration in the economy before further cuts were made.
  • Our Breadth indicator stayed positive and our Momentum indicator ticked higher.

US Market 15th November 2019

The Big Picture 15th November 2019

Market Sentiment 15th November 2019

U.S. Risk Barometer 15th November 2019

Europe Risk Barometer 15th November 2019

Emerging Markets Risk Barometer 15th November 2019

Disclaimer:  ‘Where the business have 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.