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MARKET VIEW w/e 31st May 2019

MARKET VIEW w/e 31st May 2019 981 980 Realm

The U.K. Stockmarket

  • The U.K. stock market was lower this week. The European election results were announced on the previous weekend with the Brexit Party taking more than 30% of the vote and the Conservatives coming in fifth with their worst ever result in a national election.
  • Voters flocked to Liberal Democrats and the Green party. Theresa May will step down on 7th June. The Brexit Party win increases pressure on the U.K. to leave the EU without a deal.
  • Further deterioration in the U.S./China trade negotiations didn’t help, nor the announcement by President Trump later in the week that the U.S. would be imposing tariffs on Mexican goods as well.
  • Our Breadth indicator turned negative and our Momentum indicator, although still positive, was lower again.

UK Market 31st May 2019

The U.S. Stock market

  • The U.S. stock market was lower this week as trade relations weighed on sentiment. The U.S./China situation deteriorated with President Trump saying he is nowhere near ready to make a deal and reports later in the week that China is ready to restrict exports of rare earth metals (used particularly in electronic goods) to the U.S.
  • Late on Thursday President Trump tweeted that the U.S. will be imposing tariffs on Mexican goods as of 10th June unless the Mexican government stopped migrants with no authorisation from crossing the border.
  • The price of oil fell sharply this week and energy was the worst performing sector.
  • Our Breadth indicator stayed negative this week and our Momentum indicator, although still positive, ticked lower again.

US Market 31st May 2019

The Big Picture 31st May 2019

Market Sentiment 31st May 2019

U.S. Risk Barometer 31st May 2019

Europe Risk Barometer 31st May 2019

Emerging Markets Risk Barometer 31st May 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.