Weekly Market Outlook June 12, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Investors flee to safe havens. Japanese, English and German bond yields fell to historic lows, which is a bad sign. It is striking that in particular the European banking sector was under pressure. The Nasdaq was unable to sustain a possible rally last week. In our view, the development of the Nasdaq is crucial, disappointing and worrying.
The coming week will be all about monetary policy and the Brexit. In particular, the focus will be on the Fed meeting.
This material is communicated on June 12, 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.june
