Weekly Market View through 12th March 2021

Weekly Market View through 12th March 2021 150 150 Realm

UK Stock-Market

  • The UK stock-market was higher last week. Helping sentiment was a mid-week report from the OECD which stated Global GDP growth is now projected to be 5.6% this year, an upward revision of more than 1 percentage point.
  • On Thursday, European Central Bank President Christine Lagarde warned that the coronavirus pandemic was a threat to recovery. The ECB said that over the next quarter it would be setting its pandemic emergency purchase programme (PEPP) at a “significantly higher pace than during the first months of this year”.
  • Data released on Friday by the Office for National Statistics shows that UK GDP fell 2.9% in January. This was better than expected with 4.9% forecasted. On Friday, US President Joe Biden signed into law his $1.9 trillion coronavirus relief bill.
  • Our Breadth indicator is positive band our Momentum Indicator, ticked back up.

UK Market 12th March 2021

US Stock-Market

  • The US stock-market was strongly higher last week. The week started off on a muted note with the US 10-year Treasury yield holding around its one-year high but many investors remained optimistic after Joe Biden’s $1.9 trillion stimulus package was passed in the US Senate the previous Saturday.
  • Stocks were higher on Tuesday, particularly technology shares which bounced back strongly.
  • On Thursday the President signed his $1.9 trillion stimulus package into law. The stimulus includes a direct payment of $1400 per person. Bank of America predict this will increase investment in equities from retail traders and lift stocks higher, extending the recent new highs in US markets.
  • Our Breadth indicator stayed positive and our Momentum Indicator ticked back up again.

US Market 12th March 2021

The Big Picture 12th March 2021

Market Sentiment 12th March 2021

U.S. Risk Barometer 12th March 2021

Europe Risk Barometer 12th March 2021

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.