Weekly Market View from Realm Investment Management. Week ending 18th March 2022.
The US Fed ended a two-day meeting on Wednesday. As expected the Federal Open Market Committee voted to raise the fed funds rate by 0.25% and signalled a further six hikes this year. Their forecast for economic growth was downgraded and inflation projections were lifted.
In the UK the Bank of England hiked interest rates by 0.25% to 0.75% in an effort to control inflation which the BoE now expects will reach 8% by the end of June, attributing this, in part to the war in Ukraine. Christine Lagarde, ECB President, warned that the Ukraine conflict could set off “new inflationary trends”.
The price of oil fell back last week after its rapid rise this year; gold also lost ground. Stock-markets gained, regaining some of the recent losses, with the technology sector out-performing.
The Big Picture 18th March 2022
Market Sentiment 18th March 2022
U.S. Risk Barometer 18th March 2022
Europe Risk Barometer 18th 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.’
