Archives for August 2023

Global stock-markets were mixed last week. In the US, the S&P 500 was up, the tech-heavy Nasdaq was strongly higher, large-cap Dow-Jones Industrials and small-cap Russell 2000 were down. European indices were higher and the momentum has continued at the start of this week – the FTSE 100 is up 1.5% this morning (Tuesday).

Full report
https://realmim.com/stocks-higher-after-jackson-hole/

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.’

Fed Chairman, Jerome Powell will speak at the end of this week at the Jackson Hole Symposium. In his speech last year he warned that higher interest rates would “bring some pain to households and businesses”. This year investors will be hoping for clues that the Fed will be taking their foot off the accelerator even if we have to accept the idea of current higher rates for longer.

Full report:
https://realmim.com/stocks-lower-last-week-investors-look-ahead-to-jackson-hole/

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.’

Global stock-markets were generally lower last week with inflation, interest rates and oil prices the focus for investors. The price of oil rose strongly throughout July and into August as OPEX, Saudi Arabia and Russia restrained supply and an improving economic outlook in the US potentially lifting demand. Oil traders will be closely watching the release of industrial production data from China on Tuesday.

Full report
https://realmim.com/uk-gdp-beats-forecasts-inflation-data-coming-up/

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.’

Markets went a little risk-off last week after one of the big three credit ratings agencies, Fitch, downgraded their US credit rating from from AAA to AA+. Included in the reasons for this was “the repeated debt-limit political standoffs and last-minute resolutions” which had “eroded market confidence”. Equities sold-off sharply after the announcement but all major US stock indices remain well above their much-watched 200 day moving averages. US government Bonds also sold-off on the news and longer-term Treasury yields rallied to their highest levels since November.

Full report:
https://realmim.com/fitch-us-downgrade-unsettles-equity-markets-but-trend-remains-up/

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.’