Weekly Market Outlook August 2, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The incredible tight trading range in the S&P 500 lives on. The company figures that have been published do not really impress so far in Q2, but they do not disappoint either. Meanwhile, market participants are moving their positions; the winners are sold, and the losers are purchased. This process does not contribute to a sustainable upward trend.
Additionally, it is striking that investors investing in several crowded baskets (such as ETFs, trackers, and indices) are increasingly jittery. For these investors, the exit is narrow and crowded. It is too early to panic, but vigilance is certainly necessary. We will not hesitate to hedge aggressively when the market requires.
The coming week is again about many business figures. But also the macro calendar is well filled. It revolves around four key issues namely ISM Manufacturing, ISM Services, and ADP and Government Employment.
This material is communicated on August 2, 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.
