{"id":1990,"date":"2020-06-09T11:02:55","date_gmt":"2020-06-09T11:02:55","guid":{"rendered":"http:\/\/www.wealthatwork.co.uk\/jpm\/?p=1990"},"modified":"2020-11-18T09:57:33","modified_gmt":"2020-11-18T09:57:33","slug":"market-update-9th-june-2020","status":"publish","type":"post","link":"https:\/\/www2.wealthatwork.co.uk\/jpm\/2020\/06\/09\/market-update-9th-june-2020\/","title":{"rendered":"Market Update \u2013 9th June 2020"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/pNTTIaha19w?rel=0&amp;wmode=transparent\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p>Although the FTSE-100 ended yesterday down 11.71 points (or 0.18%) and is currently down a further 100 points (1.50%) this morning, it doesn\u2019t mean that last week\u2019s equity market rally has run its course as there are plenty of signs that the positive sentiment is here to stay given the continuing easing of lockdowns (for example, yesterday New York City started its reopening process).<\/p>\n<p>Additionally, both yesterday (Monday 8 June 2020) and today are fairly light on economic and market events \u2013 and so the market\u2019s focus is on the results of tomorrow evening\u2019s (7pm UK time Wednesday 10 June 2020) Fed monetary policy meeting.<\/p>\n<p>Even though Friday\u2019s (5 June 2020) US employment data was absolutely stunning (<a href=\"https:\/\/www2.wealthatwork.co.uk\/mywealth\/2020\/06\/08\/week-ending-5th-june-2020\/\"><strong>please see here<\/strong><\/a>), we believe that the Fed is highly likely to remain dovish (i.e. accommodating) as the economic green shoots are very tender, especially given the fact that US unemployment is still in excess of 13%.\u00a0 Consequently, our focus will be on the accompanying press conference, where we will be listening out for their economic projections (as these underscore the policymaker\u2019s thinking and confidence in the recovery) and for clues on potential future changes to the structure of their stimulus program.<\/p>\n<p><strong>Investment Management Team<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n  <\/div> ","protected":false},"excerpt":{"rendered":"<p>Although the FTSE-100 ended yesterday down 11.71 points (or 0.18%) and is currently down a further 100 points (1.50%) this morning, it doesn\u2019t mean that last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1990"}],"collection":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/comments?post=1990"}],"version-history":[{"count":2,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1990\/revisions"}],"predecessor-version":[{"id":2172,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1990\/revisions\/2172"}],"wp:attachment":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/media?parent=1990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/categories?post=1990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/tags?post=1990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}