Pfäffikon SZ, Switzerland – Investors feel extremely comfortable at tower-high valuations. A correction seems to be excluded as the economic reporting is positive. A remarkable phenomenon in the stock market unfolds slowly but surely: at strongly increased stock markets, investors think they are safe, and if blood runs through the streets, these investors forget to buy.
Apart from the quarterly figures, the coming week is about the European Central Bank’s interest rate decision. Mario Draghi would intend to halve the monthly bond buy-back program in January 2018.
This material is communicated on October 22, 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.