Weekly Market Outlook August 14, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Compared to a week ago, little has changed. Despite the deteriorating economic data, the market continues to hold on to recent record levels and is overbought. The strong dynamism is displayed against a background of weak economic fundamentals. Historically, ignoring the fundamentals have never been successful.
The coming week is all about business figures; our attention will be predominantly on the financial sector.
This material is communicated on August 14, 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
