Weekly Market Outlook November 30, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Last Friday, the S&P 500 decreased slightly with little volume, but the index still closed the week with a positive gain of 0.72%. Especially oil-related stocks declined, while retail stocks increased due to the Black Friday effect. This is a form of first-level thinking. The low oil prices can be seen as a global tax reduction and will certainly have some positive effects in the long term.
During the first week of December, there might be some light selling pressure, to subsequently resume the strong uptrend towards the end of the year. Particularly important for investors is macroeconomic data from the U.S., where a major jobs report will be published next Friday. Additionally, we will gain insight into the purchasing managers’ indices in China, the EU, and the U.S.
Meanwhile, the Swiss have – quite rightly – voted against the Gold Initiative, leaving gold investors in despair. If all the data is positive in the coming week, the S&P 500 will soon pass the hurdle of 2,100 points. The current bull market is still intact until proven otherwise, despite much grumbling from famous doomsayers.
This material is communicated on November 30, 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 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.
