Weekly Market Outlook June 18, 2017
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Although our core indicators weaken, market participants do not show any fear. There seems to be a normal rotation that can bring the market a step higher. For the formation of a top, more is needed.
This week, the economic agenda is more or less empty. In this quiet trading week, our attention will be on the US housing market. The number of homes under construction in the US disappointed recently, while the underlying foundations (including low-interest rates) still have no negative impact.
This material is communicated on June 18, 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.
