Weekly Market Outlook October 11, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Common sense slowly returns to investors. Last week, the S&P 500 increased 3.26%. The perception of the current market risk is low. Noteworthy is that, last Friday, China gave a new impulse to the process to get the yuan incorporated in the benchmark of the International Monetary Fund (IMF). Additionally, the relationship between the U.S. and Russia seems to be improving.
The coming week is about the business figures; investors will gain a deeper understanding of the actual impact of the economic slowdown in China. However, the outlook is more important. We noted that just a very few companies have issued profit warnings.
This material is communicated on October 11, 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.
