Weekly Market Outlook May 1, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Apple confirms to have become a victim of a global economic slowdown. The most recent data from China confirm this picture. In general, the earnings of the S&P 500, so far, declined by about 8% for this quarter. This is the third quarter in a row that there has been a decline, and thus characterizes the worst series since 2009. The current market still does not ask for additional investments, but instead for restraint. Additionally, the Presidential Cycle speaks not for the stock market the next six months.
The coming week is again about company figures. But also, economic data will set the scene, where our attention will be on the U.S. jobs report published on Friday.
This material is communicated on May 1, 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.
