Weekly Market Outlook March 20, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The formation of a top is an extremely complex process, where investors are continually put on the wrong track. The problem we observe is that the downward force in the S&P 500 developed stronger than the upward force since the end of 2015. In 2007, 2008 and 2011, we saw similar developments. For the long term, we remain positive, however, cautious for the short term. We note that the projection of the net profit over Q1 2016 for the S&P 500 is the lowest since Q4 2012, which is not only caused by the energy sector.
Next week, investors face a shortened trading week in which the highlight is on Tuesday; worldwide many macro data will be published then.
This material is communicated on March 20, 2016 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.
