Weekly Market View from Realm Investment Management. Week ending 11th March 2022
Commodity prices and inflation remain the dominant concern for markets with the conflict in Ukraine pushing both higher. The US is cutting off all Russian oil and gas imports and Americans are preparing for higher prices – US annual Consumer Price Index (CPI) growth for February was reported at almost 8%, the highest since 1982. The UK has announced similar measures; it too will stop importing Russian oil and gas by year end. Worries about stagflation, high inflation and low growth are steadily increasing.
UK and European stocks managed to end the week higher, but US stocks were lower again, with the Nasdaq index at its lowest point last week, entering bear market readings by being more than 20% lower than its recent peak.
The European Central Bank (ECB) announced that it might end its current asset purchasing program earlier this year than expect, possibly in the third quarter.
The Big Picture 11th March 2022
Market Sentiment 11th March 2022
U.S. Risk Barometer 11th March 2022
Europe Risk Barometer 11th March 2022
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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.’
