Weekly Market Outlook February 16, 2014
Weekly Market Outlook:
Pfäffikon SZ – As if nothing happened. Share prices rebounded even stronger than they fell. The bulls are back! Monday, the U.S. markets are closed for President’s Day. Furthermore, a week mostly filled with macro economic news lies ahead. The sharp correction which we previously expected – and still are expecting – is a bit delayed, so it seems. Currently, there is a large chance the market is looking for new highs, even though the air is thin.
In general, the published company figures can be evaluated as good; only the outlooks are highly uncertain. We have to wait until we receive the first signs that the U.S. economy will be dealing with a mild recession and that their possible interest rates will be up later this year. During the first week of March, the current bull market celebrates its fifth anniversary. Historically, measured in time the bull market is nearing its end. This is partly the reason we continuously and actively hedge at the slightest negative signals.
This material is communicated on February 16, 2014 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 of otherwise disseminated in whole of 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.
