“Investing is the intersection of economics and psychology.” – Seth Klarman
Pfäffikon SZ, Switzerland – Investors in Europe are particularly concerned about trade tensions between the US and China. Strangely enough, investors in the US are more concerned about the elections. However, what many investors forget is that the stock market is already picking up before the US elections start. This certainly applies in the case of the so-called midterms.
The period of the midterm elections is even the most consistent positive period of three months in the market history of equity markets. Do not be fooled by so-called experts, who say that shares in 2018 no longer have potential. Historically, the likelihood of the stock market increasing further in the fourth quarter is about 90%.
In the coming week, the agenda will be mainly about interest rates (Fed), Brexit and trade tensions.
This material is communicated on September 23, 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.