Weekly Market Outlook January 10, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The false start of 2016 has become a fact. Noteworthy is that the strength of the current decline in the S&P 500 is approximately 50% lower than during the correction of August 2015. Rock-solid U.S. jobs figures were completely ignored. This figure confirms the limited U.S. reliance on the converting Chinese economy. In addition, investors seem to forget that the U.S. economy is 70% dependent on consumers. The economic recovery in the U.S. is only halfway through. Nobody appears to take into account the rebounding U.S. business figures while improved figures during the coming weeks would not surprise us.
It is remarkable that bullish shares react strongly, which could mean the end of the current correction. This image befits a secular bull market, where weak shareholders are shaken off over time.
This material is communicated on January 10, 2016 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.
