Weekly Market Outlook October 23, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Compared to the previous week, little has changed; the S&P 500 closed almost unchanged (+0.30%). According to the mainstream analyzes, the bull trend is still intact. Passive index followers continue to search for yield in an overvalued market environment. Forgotten is that exactly these passive index investors can suddenly change into panicked sellers when facing a minimum turn in the market.
Next week, the focus of investors will be solely on the business figures.
This material is communicated on October 23, 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
