The markets were again driven by hopes of an easing in interest rate policy at the US Federal Reserve, as Fed Chairman Powell appeared to soften his stance in a speech in Washington DC last week. US government bonds had another good week. Their yields have been on a declining trend now for almost two months and, globally, other government bonds have mostly moved in lockstep with the US. Global stock markets were also willing recipients of the news. The S&P 500 is now down 17% for the year to date, but most of that decline has been caused by the technology sector. The more old-economy constituents of the Dow Jones Industrial Average are down only 6% for the year, not far off their European equivalents...

Stocks featured:

Apple, DoorDash, Eli Lilly & Co, Tesla and Twitter

To find out more about the investment management services offered by Walker Crips, please visit our website:

https://www.walkercrips.co.uk/

This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange.

Hosted on Acast. See acast.com/privacy for more information.