Weekly Market Outlook March 1, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Last week, the simple request for shares was getting more contours, especially in Europe. The „Draghi put” is doing its job perfectly. It is striking that the individual seems to have found the road to the stock markets again, which is often a bad sign. Professionals have seized the current record levels just to reduce or hedge positions.
For some time now, we have also been reluctant and have acted accordingly. With this, we want to draw your attention to the significant gap between companies’ expected profits and the current record level of the S&P 500. The gap between the long-term expected growth in earnings per share and the expected profits of companies can be defined as outstandingly high.
The coming week is packed with macro data. The U.S. job data, to be released on Friday, will probably weigh the heaviest. From the ECB, few surprises are expected. Meanwhile, the imperfect European Union continues to struggle quietly.
This material is communicated on March 1, 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.
