Weekly Market Outlook October 29, 2017

Pfäffikon SZ, Switzerland – Investors feel untouchable due to the stream of positive economic news. The fact that the foundation of stock prices has been built on quicksand by a combination of factors does not bother anyone. Obviously, prosperity is still in a serious crisis and investors appear not interested. Our short-term indicators show erosion, but not yet a warning signal. 2017 seems to go into the books as a stock market year where master swindler Bernard Madoff would have been proud.

The coming week is mainly about quarterly figures. For different investors, it will be a broken trading week due to Halloween. Therefore, the trading volume can be low.

This material is communicated on October 29, 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.