Weekly Market Outlook September 2, 2018

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“A trade war would be a disaster for the world. It’s very easy to slip into a trade war.” – Jack Ma

Pfäffikon SZ, Switzerland – Since mid-August, our indicators point to a certain degree of consolidation even though the market has continued to rise. We would not be surprised if this consolidation will take shape at a higher level in September. The consolidation is motivated by pure sentiment around trade wars and currency movements. When we look at the facts, the economy is running properly, and a continuation of the bull market seems plausible until mid-2020.

The stock exchanges in the US are closed on Monday. Investors seem to be preparing for a reasonably quiet trading week, which is driven by sentiment.

This material is communicated on September 2, 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.