Market Outlook October 15, 2019

““Investing is where you find a few great companies and then sit on your ass.” – Charlie Munger

Pfäffikon SZ, Switzerland – It’s time to return with our updates. The financial markets are currently too interesting to ignore.

Earnings season kicks off and Wall Street knows how to play this game.

Stock indexes have almost recovered to their highs, but the bull market seems to be losing its robustness. Credit spreads are rising and volatility is also on the rise. Meanwhile, corporate profits decline. The stock rally is also limited to a few sectors. Should the rally continue, it should become more volatile and vulnerable to significant, strong corrections. Traders would love this scenario.

This material is communicated on October 15, 2019 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.