Weekly Market Outlook July 10, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Despite the rebound in the S&P 500 over the past week, the market lacks conviction. Virtually all of our indicators gave no sign of recovery during the last consolidation. This makes the current market more sensitive to a sudden sharp decline in our eyes.
The coming week is about the launch of the company’s figures, which will most likely show a decline in results for the fourth quarter in a row. Consequently, the focus will be on the interest rate decision by the Bank of England.
This material is communicated on July 10, 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
