Weekly Market Outlook April 13, 2014
Weekly Market Outlook:
Pfäffikon SZ – Last week, growth shares have been replaced by value stocks. This is a turn we already see for some time. The turbulence is more about ratings than the economy itself. Therefore, we do not make a fuss about the recent decline in stock prices. Investors know that the current bull market is five years old, and are becoming more nervous by this fact.
The next short trading week, the focus will be on corporate earnings and important reports on inflation and industrial production. The companies in our portfolio will also publish their figures, such as IBM. We think that IBM will report excellent results, and will announce a dividend increase later this month.
This material is communicated on April 13, 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.
