MARKET VIEW w/e 2nd October 2020

MARKET VIEW w/e 2nd October 2020 981 980 Realm

The UK stock-market was higher this week

  • Concerns over rising coronavirus cases across the world and continued uncertainty about a Brexit deal dampened the market’s spirits this week.
  • Prime Minister Boris Johnson warned that a critical moment had been reached with the largest rise in daily coronavirus cases since the pandemic began and said he would not hesitate to “take further measures” if necessary.
  • Both our Breadth Indicator and our Momentum indicator stayed negative this week.

UK Market 2nd October 2020

The US stock-market was higher this week 

  • The first presidential debate took place on Tuesday. The debate was heated to say the least with President Donald Trump and Democratic candidate Joe Biden clashing over the economy, the handling of the coronavirus pandemic, law and order and other issues.
  • A $2.2 trillion stimulus package was passed by House Democrats but no agreement has been reached with Republications on the proposal.
  • President Donald Trump’s announcement on Twitter Thursday night that he and his wife had contracted COVID-19 added to the uncertainty in Washington and sent stocks sharply lower although today (Monday) they have recovered.
  • Our Breadth Indicator turned neutral this week but our Momentum Indicator, although still positive, ticked down again.

US Market 2nd October 2020

The Big Picture 2nd October 2020

Market Sentiment 2nd October 2020

U.S. Risk Barometer 2nd October 2020

Europe Risk Barometer 2nd October 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.