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Weekly Market Comment – June 4th 2019

Stocks fell again last week compounding a miserable month in which Global Equities fell 6.1%. The losses were widespread in terms of geography. In sector terms, technology hardware fared the worst. All sectors in the S&P 500 Index recorded losses. Energy stocks struggled again last week as the fall in US inventories was smaller than expected. Real Estate held up well as bond yield continue their downwards slide.  

The poor performance of equities is largely down to the trade tensions. President Trump indicated that he is nowhere close to making a deal with China. In Europe there is fear that the trade tension will shift this way very soon. In Italy bond yields began to drift up again as the tension between Brussel and Rome resurfaced.  


– Niall Dineen

Investment Team Leader