Weekly Market Outlook July 30, 2017
Pfäffikon SZ, Switzerland – Last week, the S&P 500 was able to tap new highs. All our short-term indicators note in green, and investors are excelled. However, there is one problem, the valuation. Cyclically increased profit margins make investors pay not only the ultimate price for shares but also for other asset classes. According to historical –reliable– standards, only one other time there was paid more for shares, and that was in the historic week of March 24, 2000. Perhaps this fact explains why we have been extremely reluctant to operate and are liquid for some time.
Despite the holiday season, it will be about the quarterly figures the next week. Additionally, attention will be paid to, in particular, the US macroeconomic figures.
This material is communicated on July 30, 2017 by Thirteen Asset Management AG, Rietbrunnen 20, 8808 Pfäffikon SZ, Switzerland. This material is for information purposes only and is not intended to be a solicitation or invitation to invest. Any organizations or products described in this material are mentioned for reference purposes only. This material is intended only for investment professionals and professional clients and must not be relied upon by any other person. It is proprietary information of Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from Thirteen Asset Management AG. Alternative investments can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance and past or projected performance is not a reliable indicator of future performance. We recommend to consult your bank, investment and/of tax adviser.
