Weekly Market Outlook October 2, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – In mid-August, we discussed the problems of Deutsche Bank, Germany’s largest bank. Last week, it became too hot under the feet of some hedge fund managers; they bought massively put options. Policy makers and top management of the bank, however, are waving the current problems of Deutsche ‘to the realm of fiction.’ However, the similarities on the affairs of Citigroup in 2008, are legitimate. The fact is that there is something fundamentally wrong with the European banking system. The structural underperformance of the financial sector is no accident, but rather treacherous.
Coming week, investors will undoubtedly again draw attention to Deutsche Bank. In addition, the agenda is richly filled with macro data.
This material is communicated on October 2, 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
