Weekly Market Outlook May 8, 2016

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Compared to last week, little has changed, even though the stock markets are under pressure. However, the disappointing U.S. jobs report was revealing. Noteworthy is the relatively high outflow of equities out of ETFs and U.S. mutual funds. Despite disappointing economic data, the Bulls put their fate in the hands of central bankers. Whether this is a wise choice, will be proven over time. We remain cautious in a market that has long been characterized by a strongly negative volume.

Next week looks to become quiet for investors when looked at the limited agenda.


This material is communicated on May 8, 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.