Weekly Market Outlook September 20, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The Fed’s overhyped interest rate decision created a lot of volatility in the stock markets. The core of the matter is that the decision has little practical substance. The Fed aims for an interest rate level of 0.7% by the end of 2017, which is favorable for equities. More interesting is the question of when the ECB will take action. The correlation between the European stock markets and the euro is striking.
For the coming week, our attention will be on housing data in the U.S. and the first published business figures. This will provide more insight, without any doubt, into the present state of affairs.
This material is communicated on September 20, 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.
