Weekly Market Outlook October 8, 2017
Pfäffikon SZ, Switzerland – Investors have unlimited confidence in the current bull market: tax reform is the magic word. Meanwhile, investors have to deal with one of the most speculative bubbles in American history. Companies already benefit from historically low tax rates and pruning funding. Investors pay an extreme price for shares based on infinitely increased profits. Prospective investors will only observe this development and shake their heads. We remain committed to cycle discipline and proven historical valuation models.
Monday is Columbus Day in the US. Although banks remain closed, stock markets are open on Monday. The most important economic reports this week are the US retail sales over September and consumer price index (CPI).
This material is communicated on October 8, 2017 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.
