Weekly Market Outlook April 24, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The Bloomberg financial conditions indicator erodes since 2014 while the S&P 500 further increases. Apparently, investors are delusion themselves safe in the hands of central bankers. This divergence is not uncommon, however, the similarities to 2007 are slowly stacking. When the financial conditions further deteriorate, and the divergence continues, this clearly indicates the approach of a top in the market.
The coming week, the focus will be on Apple, for which the signs are not too rosy. Technically, the world’s largest company in terms of market value already entered a bear market based on stock market prices. “Beating estimates” does not alter this conclusion.
This material is communicated on April 24, 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.
