Weekly Market View from Realm Investment Management. Week ending 14th January 2022.
Most stock-markets were lower last week with worries over rising interest rates dominating investor sentiment. The Energy sector out-performed again.
Analysts are now expecting the US Federal Reserve to hike rates four times this year. Fed Chairman Jerome Powell said on Tuesday that inflation was a “severe threat” and that “if we have to raise interest rates more over time, then we will.”
In the UK, data from the Office for National Statistics (ONS) showed the economy grew by 0.9% in November. This is above its pre-pandemic level and was a much-better-than-expected number. The FTSE 100 index, unlike other global indices, closed up for the week, and recorded its highest level since January 2020.
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.’