Weekly Market Outlook August 12, 2018

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“Someone is sitting in the shade today because someone planted a tree a long time ago.” – Warren Buffett

Pfäffikon SZ, Switzerland – The business figures season has ended more or less. The cautious conclusion is that the economy is running well, but is not excelling. A point of attention is the increasing wage component, although we read very little about it. Investors are more under the spell of the Turkish Lira and the ins and outs around the American trade tariffs. The market could take a step back in the upward trend for the above reasons.

Next week is about oil, inflation and the latest tail of business figures.

This material is communicated on August 12, 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.