Weekly Market Outlook October 15, 2017

Pfäffikon SZ, Switzerland – Investors feel like Bernie Madoff in his best days. The returns are stable and amazing; Everyone feels like a fish in the water. During the dot.com bubble, the same phenomenon unfolded. Investors only focus on returns and forget that the underlying cash flows do not justify the current valuations in any way. The key question is who finally keeps the hot rod in his hands. It goes without saying that horrible accidents can happen if the realization is there.

Next week, it will be mainly about business figures. More important, however, is the position of Fed Chairman Yellen. With Mr. Trump at the helm, even the biggest surprise seems no surprise anymore.


This material is communicated on October 15, 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.