Weekly Market View from Realm Investment Management. Week ending 27th May 2022.
US stocks bounced back last week after a streak of seven consecutive weeks lower but there was some volatility. Overnight on Monday, social media company Snap cut earnings forecasts. The share price fell 30% on Tuesday, closing below 13. The warning dragged similar companies such as Meta and Alphabet lower. Snap was trading above 80 back in September, a good example of the carnage that some of the former tech favourites have suffered this year.
UK and European stocks also finished the week higher, rallying back from extremely over-sold conditions and market sentiment readings.
Market Sentiment 27th May 2022
U.S. Risk Barometer 27th May 2022
Europe Risk Barometer 27th May 2022
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.’
