Weekly Market Outlook January 28, 2018
“Patterns are the fool’s gold of financial markets” – Benoit Mandelbrot
Pfäffikon SZ, Switzerland – That predicting does not have any meaning becomes very clear this year. Many prognoses for the S&P 500 and the Dow Jones can be thrown away because the predicted prices are already on the exchange board. The so-called ‘melt-up’ seems to get more and more shape.
The coming week will mainly be dominated by quarterly figures from leading companies. Additionally, the Federal Reserve will meet. An interest rate increase is not yet an issue in our opinion. However, there is a significant chance that interest rates will increase in March. Interest rate increases are not yet a threat to the economy, but we are slowly getting closer.
This material is communicated on January 28, 2018 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.
