Stocks are lower today as some of the enthusiasm over coronavirus vaccines starts to fade. There is also frustration over the delay in new US stimulus measures with Jamie Dimon of JP Morgan calling the behaviuor of US politicians “childish”.
On Wednesday, UK and European stocks closed higher despite the ongoing surge in coronravirus cases across the globe, tensions regarding the outcome of Brexit negotiations and the UK registering the highest increase in daily coronavirus fatalities since May. In the US, stocks slid in the later part of the session to end down for the day as concerns over renewed restrictions became the focus and New York City shut schools.
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.’