Weekly Market Outlook May 11, 2014

Weekly Market Outlook:
Pfäffikon SZ – The shares that are the most loved by analysts in the last two months, are falling the hardest, while the most abhorred shares are rising the fastest. Especially IT related stocks and small caps are getting hit hard. Many investors are frustrated by this development. Meanwhile, the dullest shares, which are also paying dividends, are just doing their job.

The question is whether or not this rotation will continue next week. In the perspective of the past 35 years, this current rotation can be marked as fairly unique. Furthermore, the recovery of the dirt cheap Russian MICEX index had a positive impact on our portfolio last week. The coming week is again full of business figures. Concerning the field of macroeconomics in the U.S., the focus is on the housing market’s development.


This material is communicated on May 11, 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.