Weekly Market Outlook March 6, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Investors have finally found more confirmation that a recession in the U.S. is still premature. The increased oil price also has a positive impact on the sentiment. The question remains whether the current bullish sentiment is nothing more than a revival within the downtrend. The strength of the upturn suggests that institutional money is not part of the current party. If the volatility increases again, a turn of the market may be obvious, and a resumption of the current correction is then the most likely scenario.
The coming week will depend on the performance of ECB President Mario Draghi.
This material is communicated on March 6, 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.
