Weekly Market Outlook August 16, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The sideways trend in the S&P 500 lives on, and despite the selloff in China last week, the S&P 500 closed 0.69% higher. In particular, last Wednesday’s recovery was impressive; it was the most powerful turnaround in three years. Europe underperformed, which provides a lot of opportunities in our view.
The coming week, the minutes of the Fed will be released, which are likely to confirm an upcoming rate hike; the timing is less relevant. The past shows that a rate hike is not bad at all for a stock market. Some fundamentals will logically change, but there is no reason to panic. Additionally, investors will look at the inflation figures and the leading indicators in the U.S.
This material is communicated on August 16, 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.
