Weekly Market Outlook April 17, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – In our previous outlook, we mentioned that the probability of a recession in the U.S. is slowly but surely increasing. The four key indicators (Nonfarm Employment, Industrial Production, Real Personal Income, Real Retail Sales) have already peaked on average in November 2014. It is notable that Industrial Production is already in a recession, and Retail Sales is noting flat for nine months now. It strengthens our thoughts that the current recovery in the S&P 500 is driven by traders and (declining) share buy backs instead of serious long-term investors.
The coming week will be all about the business figures.
This material is communicated on April 17, 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.
