Weekly Market Outlook March 15, 2015

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Last week, investors were moved to all sides. Anxiety about the increase in interest rates, currency turmoil, and concerns about economic growth in the U.S. led to a volatile trading week. In particular, the European stock markets were further whipped up because of the ever-dwindling euro and the hope of an economic recovery. On the other hand, the S&P 500 got smashed and lost 0.86% on a weekly basis.

On the global stock markets, for some time now, central banks call the shots. The coming week is, in this context, important because of the two-day meeting of the Fed. An important factor will be whether the rhetoric of the Fed chairman, Janet Yellen, will change after the recently published macro data in the U.S. We expect that the tone will change no earlier than mid-April. Then, investors will slowly but surely be transformed into another investment environment, which for many will be new and unfamiliar. The experiment of extremely low interest rates may be over any time now.


This material is communicated on March 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.