Weekly Market Outlook August 19, 2018

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“Look at market fluctuations as your friend rather than your enemy. Profit from folly rather than participate in it.” – Warren Buffett

Pfäffikon SZ, Switzerland – Our indicators show that consolidation is likely. The health of the market is not perfect, and some signs point to a slightly negative picture. Investors usually take profit in such situations and balance their portfolios. Do not expect a spectacular decline. Sentiment instead of facts drive the market. We think that the S&P 500 will eventually find its way back up and tap new all-time highs in the second half of 2018.

In the coming week, the agenda is relatively empty. Therefore, a sentimentally driven investor need to be taken into account.

This material is communicated on August 19, 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.