Weekly Market Outlook June 21, 2015

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Investors feel uncomfortable, which can be deduced from a structural buying defect in the width of the market. They are looking for value, but success in this is only marginal. Currency turbulence also plays tricks on investors whether or not driven by the continuing turmoil surrounding Greece.

The coming week is all about—again—Greece, where certainly no structural solution is expected as the problems are likely to be rolled over at the last minute. The European Union seems to many to be ‘Hotel California’. Additionally, the progress of the U.S. economy and the German business confidence are on the agenda.


This material is communicated on June 21, 2015 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 Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from 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.