Weekly Market Outlook February 15, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Last week, relief boosted the markets further north. The S&P 500 closed 2.02 percent higher at 2096.99. Many market indicators have improved without a doubt. There is a reasonable chance of top formation because the strength and volume of the current movement are losing strength. Furthermore, it is questionable if at the current record levels still buyers can be found. They probably prefer to wait for a better entry point. It certainly appears as if investors are losing sight of the reality and disregard certain risks. This scenario may continue for a reasonable time, but makes us reluctant for a longer time now. The year 2015 will look a lot like 1999.
The next week, it is again about the company’s figures. Wednesday is an important day, as we will get more insight in the industrial production and capacity utilization of the world’s most important economy; that of the U.S.. In addition, the minutes of the Fed will be released, which may give an indication of a rate hike in the U.S.. In Europe, for months, the focus is on Greece and Ukraine; this has not changed yet. Monday, the stock markets in the U.S. are closed due to the birth of George Washington.
This material is communicated on February 15, 2015 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.
