Archives for October 2022

On Wednesday the US Federal Reserve FOMC meeting will announce its decision on rates. There are hopes that the Fed might start slowing the pace of increases after this meeting and Chairman Powell’s statement at the press conference will be closely examined for such clues.

On Thursday, the Bank of England will also be making a decision on interest rates. The market has been pricing in a 0.75% hike, although some analysts have begun forecasting a lower increase of 0.5%.

This Friday will see the release of the US October Jobs Report – a potential market mover.

Full report:
https://realmim.com/an-important-week-coming-up-with-three-big-events/

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.’

The yield on the UK 10yr Gilt has fallen back below 3.8% today on news that Rishi Sunak will be the new Prime Minister. This chart shows the recent ups and downs of the Gilt yield. This chart gives a long-term perspective. Equities have moved higher today.

Full report

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.’

Today (Monday) things are calmer in the UK markets with the Pound and UK stocks strongly higher and gilt yields lower after new Chancellor, Jeremy Hunt, announced a reversal of nearly all the tax cuts in the government’s recent mini-budget. US stocks are also up following positive third-quarter earnings reports from major US companies including Bank of America.

full report

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.’

Stock-markets were higher last week despite a sharp sell-off on Friday following a stronger-than-expected (yes, stronger) U.S. jobs report. Positive economic news is not what investors are looking for at the moment because they are focused on the Federal Reserve’s reaction to data rather than the data itself.

full report

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.’

Equities fell again last week after the UK’s mini-budget 10 days ago sparked turmoil on the global markets.

The Pound fell to a record low against the US dollar, mortgage rates spiked and the Bank of England had to intervene with an emergency £65 billion measure to purchase long-dated UK government bonds and avert a meltdown in the bond market.

Full report

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.’