Weekly Market Outlook July 13, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Over the past week, investors were worried about payment problems in the Portuguese bank Banco Espirito Santo. In addition, several companies issued a profit alarm which has led in particular to nervousness in the European markets. The Dutch AEX lost as much as 3.6 percent while the S&P 500 only handed in 0.9 percent.
In the next few weeks, it should slowly become apparent that the current price levels are justified by the company’s figures. A plus is that the economic recovery in the U.S. persists. Our indicators tell us that market uncertainty has increased, but the bulls are still slightly in favor.
This material is communicated on July 13, 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.
