Weekly Market View from Realm Investment Management. Week ending 8th April 2022.
The war in Ukraine, inflation concerns and US Federal Reserve policy all continued to weigh on global stock-markets. Excepting the UK FTSE 100, most major global stock-markets were lower over the week with defensive sectors like Utilities and Health Care relatively out-performing. Oil was also lower with supply increasing from global stockpiles.
Minutes from the Federal Reserve’s March meeting indicated that quantitative tightening (QT) could begin soon with the Fed’s bond holdings possibly being reduced by $95 billion a month. Bonds declined as the yield on the US 10-year Treasury note reached its highest level since 2019. Weekly jobless claims in the US fell to the lowest level in decades increasing the likelihood that the Fed will raise rates by 0.50% in May.
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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.’