Weekly Market Outlook November 18, 2018

“In a roaring bull market, knowledge is superfluous and experience is a handicap.” – Benjamin Graham

Pfäffikon SZ, Switzerland – The gurus are awake and do not predict much good. Alleged correlations are brought to the fore to reinforce the ill-founded opinions. Attention is also drawn to the sales sounds of various leading securities houses. After all, fear sells well. However, it is well known that the financial world needs the influencing of people to market their products.

Meanwhile, the battle around the 200-DMA of the S&P 500 continues. The sales pressure seems to be decreasing, but the bears are not yet defeated. This dip –or correction– is driven by sentiments about the Brexit and trade wars. It can not be ruled out that the so-called end-of-year rally will only take place a few months later. The ever-decreasing oil price may point to decreased economic activity. The Fed will raise the interest rate once again this year, but a break of interest rate increases might follow. This can give wings to the stock markets, mainly if the sentiment revolves around the Brexit and the trade wars.

Investors can prepare for a relatively short trading week. The US markets will be closed on Thursdays due to Thanksgiving this coming week.

This material is communicated on November 18, 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.