Weekly Market Outlook November 5, 2017
Pfäffikon SZ, Switzerland – In particular, our key indicators about the economy show weakness; the impact will probably be minimal. The focus is on the sentiment sparked by a vague American tax plan by President Trump. The wait is for the capitulation of extremely high valuations.
However, the illusion of ever-increasing prices remains. This psychological phenomenon of unlimited upward potential we also see in the cryptocurrencies: every coin rises, nobody knows why and worse, it does not add anything. The fact that investors entrust their financial future to the most overvalued market in history is a bad sign.
The coming week is about the quarterly figures, Catalonia and the Asian trip of President Trump.
This material is communicated on November 5, 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.
