Weekly Market Outlook July 19, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Relief about the absence of a Grexit did the financial markets good. Although the markets rebounded, we note that the recovery is “thin”. Crucial for a sustainable continuation of the bull market is a broad market participation, backed by solid business results.
Should this fail to happen then, the foundation is fragile. However, as long as the 10-year rate does not rise above 3%, the equity sector still appears to be attractive. The S&P 500 is currently trading 16.5 times forward estimates of its companies, which is slightly above the average of 15.
The coming week will be only about the company’s figures, which could cause the necessary volatility in individual stocks.
This material is communicated on July 19, 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.
