Weekly Market Outlook December 8, 2013
Weekly Market Outlook:
Pfäffikon SZ – Next week the macro agenda is sparsely filled. Most attention will be given to data on retail sales, which is an indicator of the extent to which consumers in the U.S. currently spend. Consumers account for 70 percent of the economy. Sentiment will be further influenced by the FED, although we believe that the phenomenon tapering will be relevant again in 2014. Due to low volumes, the volatility may be substantially higher the final weeks of the year. On balance, we think more upward than downward.
This material is communicated on December 8, 2013 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.
