Weekly Market Outlook September 6, 2015

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Lots of good news confirms that there is a market reaction instead of an economic reaction. However, the relationship between stock prices and the real economy is sometimes uncomfortable.

The ultimate impact of China is, in our estimation, not that bad; Goldman Sachs predicts, in this context, that the sales to China have only a 2% effect on the total revenues of the S&P 500. Volatility will still continue for some time; investors will have to accept this.

Monday, markets in the U.S. are closed. Additionally, the calendar is relatively empty, which may facilitate further pure speculation.


This material is communicated on September 6, 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.