Weekly Market Outlook September 11, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Last Friday, the S&P 500 experienced the worst day since June 24, 2016 (Brexit). The remark by Eric Rosengren ––a member of the Federal Reserve–– that it would be a good idea to raise interest rates was not well received. More importantly, however, was that different macro data were disappointing again. According to some market researchers, the U.S. is probably already in a recession. High debt and falling corporate profits would play tricks to the backbone of the U.S. economy.
Next week, our focus will be on U.S. retail sales. These figures are disappointing already for some time and possibly confirm the picture of declining economic activity.
This material is communicated on September 11, 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
