Weekly Investment Overview – 19th October 2020

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Private Office Asset Management Weekly Report – 19th October 2020
“There remains a huge amount
liquidity in the global monetary
system with governments and
central banks continuing to support
their economies. Although virus
cases are surging in a supposed
“second wave” investors are still
believing vaccines to ease the
effects of the virus are on the way.
A Biden victory and resultant large
fiscal and infrastructure package is being “baked” into prices and
helping support the days when the
general sentiment is poor as we saw
on Thursday.
Investors remain reluctant to sell in
this environment and there are
plenty of “wounded bears” who are
looking for dips to buy.
We are almost through the two
traditionally worst and volatile
performing months of the year for
equities. The next hurdle is the US
election which is another speed
bump in the overall economic
recovery from the virus induced
recession.”