MARKET VIEW w/e 3rd April 2020

MARKET VIEW w/e 3rd April 2020 981 980 Realm

The U.K. Stock market

  • Deaths from COVID-19 increased in Europe although the number of new cases in Italy slowed as did intensive care admissions in France and Spain indicating that the strategy of lockdowns is showing signs of containing the virus.
  • Economic data showed that eurozone business activity posted its biggest monthly fall in March due to the coronavirus. A recession is expected this year.
  • Both our Breadth indicator and our Momentum indicator stayed negative this week.

UK Market 3rd April 2020

The U.S. Stock market

  • U.S. equities were higher at the start of the week with President Trump tweeting a call for a “phase four” stimulus package and economic data from China coming in better than expected.
  • Increasingly worrying coronavirus data set the market back though when White House officials warned of a possible 240,000 deaths in the U.S.  
  • Thursday picked up with a surge in oil prices off their lows, with another tweet from President Trump, this time that he expected Saudi Arabia and Russia to cut production.
  • Our Breadth indicator stayed negative and our Momentum indicator ticked lower.

US Market 3rd April 2020

The Big Picture 3rd April 2020

Market Sentiment 3rd April 2020

U.S. Risk Barometer 3rd April 2020

Europe Risk Barometer 3rd April 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.