Weekly Market Outlook May 21, 2017
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Again, the market tries to break out. However, a significant market participation is lacking. Usually, this results in a turbulent market of which we got a preview last week. If the failure of market participation continues, the rally ends without any doubt.
Next week, the focus will be on the US Central Bank’s (FED) minutes, which may provide more clarity about a –by the market foreseen– rapid interest rate step. Thursday, several exchanges including the Swiss market will be closed due to Ascension Day.
This material is communicated on May 21, 2017 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.
