Weekly Market Outlook June 10, 2018
“When money gathers, people will be apart; when money is scattered, people will gather.” – Wang Wenjian
Pfäffikon SZ, Switzerland – The stock market is showing an increasingly exciting picture. Both the Nasdaq and Russel 2000 (small caps) recorded new all-time highs. The Dow is again above 25,000, and the S&P 500 touched the highest point in more than two months. These are not scenarios for a possible crash. In fact, all of our indicators that measure the health of the market show recovery and turned from negative to positive during the past week. Global tensions seem to decrease, which is the main reason of the market movement. The oil price has fallen by as much as 10% in recent weeks.
In the coming week, the focus will be on the meeting between North Korea and the US. Additionally, trade relations in general and the interest rate will demand attention. The interest moves very slowly upwards which will not pose a problem, but it is a point of attention.
This material is communicated on June 10, 2018 by 1324 | 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 1324 | by Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from 1324 | by 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.
