Weekly Market Outlook August 17, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – In the past week, the financial markets increased somewhat as expected. The S&P 500 ended the week with a gain of 1.22 percent. The European stock markets still managed to book profits. The coming week is about the monetary policy. The earnings season is almost coming to an end. The Fed will do everything possible to avoid the so-called nightmare scenario. The fragile economy cannot yet process an interest rate increase. The interest will eventually go up, but not now.
In addition, investors are noticeably concerned about the recent geopolitical developments. However, this reaction seems a bit exaggerated. In the run towards September, it is interesting to see whether or not investors will use the recent revival to sell more shares. Next week, we will re-evaluate the market sentiment for equities to make projections with respect to a further correction.
This material is communicated on August 17, 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.