Weekly Market Outlook September 9, 2018
“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria” – Sir John Templeton
Pfäffikon SZ, Switzerland – In the meantime, the expected consolidation is taking shape, but it is no reason for sharply declining stock prices. This consolidation is motivated by pure sentiment around trade wars, currency shifts, and technical chatter. The underlying economy is still running correctly. The investment environment for shares is excellent. We would not be surprised to see the S&P 500 increase significant when these negative sentiments have disappeared. A continuation of the bull market until mid-2020 is plausible, even if the valuations are in some respects extreme.
In the coming week, it will be about the central bankers. The ECB is expected to leave its interest rates unchanged.
This material is communicated on September 9, 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.
