Weekly Market Outlook July 22, 2018
“In a bull market, everybody’s a genius.” – Warren Buffett
Pfäffikon SZ, Switzerland – The quality of the stock market (S&P 500) improved over the past week. The bull market is still intact, which means that additional long positions could be taken. We think that the S&P 500 is on its way to the milestone of 3,000 points. For the technical gourmets: the 2,800 point limit has changed from resistance to support.
The coming week will be dominated entirely by the company figures; this can lead to some volatility. Furthermore, next Friday we will get insight into the US GDP for the second quarter. This figure could turn out to be surprisingly high. Additionally, the interest rate decision of the ECB is central.
This material is communicated on July 22, 2018 by 1324 | 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 1324 | by Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from 1324 | by 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.
