Weekly Market Outlook August 9, 2015

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The S&P 500’s narrow trading range, between 2040 and 2140 points, took over half a year. Based on only pricing, no conclusion can be drawn on how the market will develop in the second half of 2015. Some of our indicators show a crumbling statue; to us, this is a serious point of concern.

Normally, in the second half of the year, the U.S. economy should be developing better than at present. Conversely, a rate increase by the Fed is becoming increasingly likely. However, to actually wake the bears, more bad news is probably needed. Investors are waiting an exciting period, and even if the environment appears calm and tranquil, subcutaneous, nervousness can be felt.

The earnings season is slowly coming to an end, and investors are shifting their focus to macro information, particularly on the world’s largest economy, that of the U.S.


This material is communicated on August 9, 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.