Weekly Market Outlook November 23, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – There is more to say about last week, than there is to say about the coming week. The President of the ECB, Mario Draghi, did not leave any doubt about it: inflation will come anyhow. Worldwide, central bankers are opening up the flow of money to provide the economy with a boost and investors with much-needed confidence. The S&P 500 benefited from this and closed the week at a record high, with a gain of 1.16%.
In the coming week, we will face a broken trading week. On Thursday, the U.S. stock markets are closed for Thanksgiving, and they are open only a half day for Black Friday. For U.S. retailers, Black Friday is traditionally an important day and a good indicator of whether U.S. consumers are willing to loosen their purse strings.
This material is communicated on November 23, 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.