Year-End Competition third and final update

Good Morning Ladies and Gentlemen

Admin

Today I have to start on a personal note. As you know, in every «Stefan’s Weekly» I am writing the following at the end:

« As always, please share your opinion with me, but please do not forget (instead of hitting the reply button) to send your messages to: smk@incrementum.li
Many thanks, indeed!»

However, there are still readers hitting the reply button for one reason or the other. This is very uncool because the messages do not come to me but go to «mailchimp», the program we use to distribute our newsletters. Our mailchimp administrator is my partner Ronni, who spends a fair amount of time on the road, speaking at conferences worldwide, doing marketing and seeing investors. When he sees the messages, he gladly forwards them to me, but they often go under in the houndreds of emails he receives regularly. So please, Ladies and Gentlemen, share your opinion with me, but please send them to: smk@incrementum.li. Thank you very much for your understanding!

Recapitulation

As you all know, the book is closed, and no more participants are accepted. The final highest S&P bid stands at 4’482, and the final lowest is at 1’881. The final highest bid for gold stands at 2’350, and the final lowest was at 1’715. For Brent crude oil, the final price estimates range from 160 to 33.63. As always, all prices are USD.

Today’s prices     

While I am writing this edition of «Stefan’s weekly», the S&P is trading at 3’885.12, gold at 1’712.10 and Brent crude oil at 92.86. Therefore, the S&P and gold prices went up; crude oil has stayed more or less flat since my last update.

Will we see a year-end rally     

Usually, and according to the stats we are looking at, November is the second-best trading month of the year, right after April. Usually, again, the strong performance season is roughly lasting from October/November until April. Once more, usually, presidential midterms are followed by a strong performance in equities. Then, of course, there are the usual standard deviations and no certainties, all but indications, Ladies and Gentlemen, all but indications. So now, will we see a year-end rally? I do not know, but looking at the markets over the last few weeks, I almost have the impression that we are in the midst of one.

Ladies and Gentlemen

As always, please share your opinion with me, but please remember (instead of hitting the reply button) to send your messages to: smk@incrementum.li.
Many thanks, indeed!

I wish you an excellent start to the day, a great weekend, and peace above all!

Yours truly,

Stefan M. Kremeth
Wealth Management
Incrementum AG – we love managing assets

Tel.: +423 237 26 60
Cell: +41 79 303 48 39
Im alten Riet 102
9494 Schaan/Liechtenstein
Mail: smk@incrementum.li