Weekly Market Outlook May 31, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – In the U.S., markets have difficulty with the reduced liquidity since the retreating movement of the Fed. In the first quarter of 2015, the GDP declined in the U.S., and, additionally, corporate earnings decreased on balance. Investors seem to realize this slowly. It is striking that the decline in the S&P 500 last Friday was accompanied by over 10% more volume than the average volume over the last three months. Furthermore, the negative development of the Dow Transport is an area of concern.
The coming week is once again all about—no matter how boring—Greece. Also, the calendar is well-filled with important economic data. The emphasis is on Friday, when we will gain insight into the development of the U.S. labor market.
This material is communicated on May 31, 2015 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.
