Weekly Market Outlook January 14, 2018

Pfäffikon SZ, Switzerland – Investors are self-confident and greedy now that noises about a so-called ‘melt-up’ are increasingly being circulated. If a ‘melt-up’ actually arises –and that’s what it seems– stock markets can be pushed much higher. The ‘melt-up’ is the introduction to the final phase of the bull market and usually lasts from 6 to 24 months. The danger of the ‘melt-up’ is that an irreversible ‘melt-down’ will follow. Investors react in panic and sell everything that causes markets to fall through the ice. The years 2018 and 2019 promise to become interesting from an investment perspective.

Investors need to start the week without any directional news from the US. The US stock markets are closed because of Martin Luther King Day. Later this week, the company figures season starts and leading companies will publish their figures.


This material is communicated on January 14, 2018 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.