Weekly Market Outlook June 5, 2016

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The latest figures on the U.S. economy confirm a fragile image. Additionally, the Nasdaq is lagging behind in the recovery of broad supported indices such as the S&P 500. The Nasdaq appears to be on the verge of a classic bear market. We repeat that the upward volume is extremely fragile for months now. Noteworthy is that insiders sold eight times more shares than they bought last week.

The coming week, our focus is in particular on U.S. manufacturing figures, published on Tuesday. It seems to become a news-empty week.


This material is communicated on June 5, 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.