Weekly Market Outlook February 23, 2014
Weekly Market Outlook:
Pfäffikon SZ – Investors have doubts; the past week can be best described like this. The markets got a lot of negative news to handle, but were eventually not deterred by it. This phenomenon is seen more often. Next week, some companies still open up their books, but the U.S. macro economic agenda predominates. It should become clear whether investors have confidence in further recovery of the U.S. economy.
Also, the important German business confidence plays a role next week. Professional investors seem less and less convinced of the current recovery movement, as it involves a relatively small volume. Our focus is on a possible top formation in the market the coming weeks.
This material is communicated on February 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 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.
