Weekly Market Outlook November 6, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Investors are nervous about the possible outcome of the U.S. election. This resulted in a losing streak of up to nine days in the S&P 500, which has not occurred in more than 36 years. Additionally, a U.S. interest rate hike seems to be more obvious in December. Our indicators currently provide a warning signal. The strength of the decline in the S&P 500 measured on an annual basis is 27%, which incidentally is not uncommon.
The coming week is without any doubt all about the American elections.
This material is communicated on November 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.
