Weekly Market Outlook July 16, 2017

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – As expected, the S&P 500 looked for a new all time high over the past week. New highs seem just a matter of time. The formation of a possible top is postponed for the time being.

During the coming week, attention will be paid to the European Central Bank’s interest rate decision (ECB), which will be released this afternoon. Furthermore, the figure season starts with the main funds. Thin trading can easily push the market prices higher.


This material is communicated on July 16, 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.