Weekly Market Outlook September 21, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The past week can be best described as a feeling of relief. The S&P 500 gained 1.25 percent and closed at 2010.40. Striking is the current underperformance of small caps. In a historical perspective, this does not necessary mean a problem. But if small caps continue to decrease (over 15%), it certainly becomes a point of attention as it indeed can fuel a further weakening in the stock market as a whole.
The coming week is dominated by the macro data. Investors can again, more or less, proceed to the order of the day. German business sentiment is, for example, on the agenda, which has been under pressure for some time. A weak euro helps to support the German business confidence, but more important is the question when a solution will be finally found in Ukraine. The conflict results after all in only losers. In the U.S., there will also be published the necessary economic data, including consumer confidence and figures on economic growth.
This material is communicated on September 21, 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.
