Weekly Market Outlook June 28, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Investors think that the developments in Greece are more interesting than the sharp stock market declines in several key Asian markets. The future will tell whether this strategy is paying off. It is a positive that the American consumer is spending significantly more than previously thought. Meanwhile, the U.S. markets, in particular, seem to have started their traditional light summer period. Our indicators show a slightly worse picture, but the momentum is still bullish.
The coming week is all about Greece and several important pieces of macro data, such as the U.S. employment data that will be published on Thursday. In terms of Greece, investors will probably finally get clarity, which is much better than endless muddling through. On Friday, the U.S. markets are closed.
This material is communicated on June 28, 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.
