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MARKET VIEW w/e 31st July 2020

MARKET VIEW w/e 31st July 2020 981 980 Realm

The U.K. Stock market

  • The UK stock-market was lower again this week.
  • The rate of coronavirus infections picked up in the UK and Boris Johnson voiced fears of a second wave saying the UK would react quickly. More lockdowns were ordered in the north of England.
  • A resurgence in Europe raised concerns about economic recovery for the region and European company earnings were not impressive, especially for banks.
  • Our Breadth Indicator stayed negative but our Momentum Indicator ticked higher again.

UK Market 31st July 2020

The U.S. Stock market

  • The US stock-market was higher in the busiest week for quarterly reports with industrial companies showing the effects of the coronavirus on earnings.
  • S&P 500 companies are predicted to show the largest fall in earnings since 2008. However, major tech companies like Apple and Amazon reported earnings that were much better than expectations.
  • The advance estimated of second quarter GDP showed the US economy shrank by an annualized 32.9%, the biggest contraction ever.
  • Our Breadth indicator stayed positive this week as did our Momentum indicator.

US Market 31st July 2020

The Big Picture 31st July 2020

Market Sentiment 31st July 2020

U.S. Risk Barometer 31st July 2020

Europe Risk Barometer 31st 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.