Weekly Market Outlook July 2, 2017

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Despite the increased volatility, our parameters improved for the short term. The market seems to be looking for a higher level, where rotation disturbed the upward movement last week. The formation of a final top in the market, therefore, is still awaiting.

We note that our opinion –for quite some time– is unchanged extremely negative about the stock market as a whole. We see many similarities with December 1999, July and November 2007. Short-term stock price fluctuations are hard to estimate. However, the combination of factors the stock market is currently dealing with is historically seen fuel for a crash scenario.

The coming week could remain volatile ahead of the publication of corporate figures over the second quarter. Also, the minutes of the Fed’s last meeting might be released coming Wednesday evening and could give investors pause for thought.


This material is communicated on July 2, 2017 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.