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MARKET VIEW w/e 3rd July 2020

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

The U.K. Stock market

  • The U.K. stock-market was almost unchanged this week. Boris Johnson promised that the government would fast-track 5 billion pounds of spending on infrastructure to help economic recovery.
  • The Chief Economist at the BofE, Andy Haldane, said that data indicated the economy was already “two months into a recovery” as manufacturing in the UK returned to expansion in June.
  • Christine Lagarde, President of the European Central Bank, said that the worst of the coronavirus crisis might be over.
  • Our Breadth indicator stayed neutral this week but our Momentum indicator, although still negative, ticked up again.

UK Market 3rd July 2020

The U.S. Stock market

  • U.S. stocks were higher this week despite the global coronavirus death toll rising above 500,000 and the World Health Organisation saying that the pandemic is still accelerating.
  • The focus instead was on the positive news that an early trial of a coronavirus vaccine being developed by Pfizer and BioNTech is showing potential and improving economic data.
  • Our Breadth indicator turned positive this week and our Momentum indicator also turned positive.

US Market 3rd July 2020

The Big Picture 3rd July 2020

Market Sentiment 3rd July 2020

U.S. Risk Barometer 3rd July 2020

Europe Risk Barometer 3rd July 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.