Stocks are in muted mode this morning with markets awaiting Jerome Powell’s Jackson Hole speech later today. It is widely anticipated that the Fed chairman will outline the plan for tapering the central bank’s monetary stimulus and provide an outlook for the US economy.
With the Delta variant of the coronavirus spreading fast and recent disappointing economic data, investors are uncertain whether the Fed’s plans to reduce it’s asset purchase program will be delayed or start this year as planned.
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.’