Weekly Market Outlook May 27, 2018
“There’s only one way to describe most investors: trend followers.” – Howard Marks
Pfäffikon SZ, Switzerland – In general, the latest business figures have been received well. However, those who look critically will not sit quietly behind their desk. The engine of Europe –Germany– rattle; a crash cannot be ruled out within a few years. The ongoing problems at Deutsche Bank, for example, are a sign on the wall. In the meantime, the Spanish Prime Minister Rajoy is involved in a corruption scandal, and in Italy, old anti-Europe feelings flare up again. The result is shifts in interest and possibly unsustainable debt positions. In short: not much has changed since 2008.
The US is closed on Monday. Particular attention will be paid to consumer confidence.
This material is communicated on May 27, 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.
