Weekly Market Outlook July 17, 2016

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Last week, our indicators showed a slight recovery but still lack conviction. In particular, technology is not part of the recent recovery, which concerns us. Additionally, the risk of setbacks during the upcoming earnings season is big, and the most recent developments in Europe and China seem fragile. Since March this year we act reluctant.

Next week revolves mainly around corporate results and the reaction of investors to the situation in Turkey.


This material is communicated on July 17, 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.june