Weekly Market Outlook May 13, 2018

“Necessity never made a good bargain.” – Charlie Munger

Pfäffikon SZ, Switzerland – The earnings season for the first quarter is almost over. Overall, the corporate figures were good, even though the stock market suggests otherwise. Nevertheless, the Dow managed to win 800 points last week. Meanwhile, the S&P 500 continues to suffer from technical chatter around the 200-DMA. On the basis of this purely technical fact, the bears probably feel strengthened to make an attack.

In the coming week, attention will gradually shift to mainly geopolitical and macroeconomic issues. Additionally, investors are preparing for a long Pentecost weekend.


This material is communicated on May 13, 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.