Weekly Market Outlook November 13, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Fear and euphoria alternated. The choice of Trump as president of the U.S. was responsible for the so-called ‘Trump Jump’ on the financial markets. However, the aftermath will lead to ‘de-risking’ and equity outflow. The victory of Trump is good for passive, mindless investments, but not for specific share purchases based on value investing. The recent rise of the stock markets goes against dominant macroeconomic trends. The measurement of quality is simply too high. The risk of disappointments has increased, especially if investors soon face an old-fashioned form of contraction.
The coming week is all about business figures and, of course, Mr. Trump.
This material is communicated on November 13, 2016 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 Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from 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.
