Archives for November 2023

Global stocks were mixed last week and Fed minutes contained no surprises

November 27, 2023 by

Global stock markets were mixed last week. Europe was generally higher, Asian markets were mostly flat to lower, but the US out-performed with the S&P 500 up for the fourth consecutive week. An impressive November so far following the disappointing performance of the previous three months.

Full report:
https://realmim.com/global-stocks-were-mixed-last-week-and-fed-minutes-contained-no-surprises/

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.’

Filed Under: Uncategorized

Stocks and Bonds both rallying this month

November 20, 2023 by

Both equities and bonds have been rallying in November. Inflation pressures have been easing and investors are becoming increasingly confident that the US Federal Reserve and other central banks may be done with raising rates.

Last week’s better-than-expected US CPI data showed that core inflation had fallen to its lowest reading in more than two years – stocks rallied strongly and the 10-year Treasury Yield fell below 4.4% by the end of the week. There is growing anticipation among many market participants that the Fed will begin cutting rates by the middle of next year.

Full report:
https://realmim.com/stocks-and-bonds-both-rallying-this-month/

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.’

Filed Under: Current Market View

Stocks held previous week’s strong gains – inflation data due

November 13, 2023 by

Global stock-markets were mixed last week but US equities had a late rally on Friday which has pulled Europe higher today (Monday). Generally though there was a consolidation of the previous week’s strong gains which is encouraging.

Federal Reserve Chair Jerome Powell spoke at a meeting of the International Monetary Fund (IMF) last week. He said it was still too early for the central bank to announce the end of its series of interest rate hikes. Although he did not present a case for further rate increases, he highlighted that the Federal Open Market Committee (FOMC) is committed to a monetary policy stance that will bring inflation down to 2 percent over the long term. Powell expressed caution about prematurely claiming success and stated that officials will closely monitor economic conditions to avoid the risk of raising rates excessively. He also emphasised the importance of not being swayed by short-term positive data but instead taking a careful approach. US stocks sold-off on Thursday after Powell’s comments but recovered strongly on Friday to end the week on a high.

Full report:
https://realmim.com/stocks-held-previous-weeks-strong-gains-inflation-data-due/

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.’

Filed Under: Uncategorized

Stocks rally after interest rates are held steady

November 6, 2023 by

The US Federal Reserve kept interest rates on hold last week for the second meeting in a row. Good news, even though the federal funds rate remains at a 22-year high. Comments from Fed Chairman Powell indicating that the market expectation of one more hike may no longer be accurate gave a boost to stocks which rallied sharply. However he did add that the committee had not yet discussed rate cuts and remains focused on whether further hikes will be needed.

Full report:
https://realmim.com/stocks-rally-after-interest-rates-are-held-steady/

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.’

Filed Under: Current Market View