Weekly Market Outlook March 2, 2014
Weekly Market Outlook:
Pfäffikon SZ – Finally, the S&P 500 closed above the important level of 1850 points. The differences were small last week. The record position in the S&P 500 was achieved with an average volume. The DAX gained 0.36% , the AEX index lost 0.45% and the S&P 500 gained 1.25% . It seems that the current upward movement is on its last legs. However, we do not exclude that the S&P 500 at first will get up to the 1870-1900 zone.
Coming week we will get important information about the state of the U.S. economy. In addition, the ECB and the BoE will demand attention with their interest rate decision. The current bull market is celebrating its fifth anniversary this month, historically this is a bad sign. The insane euphoria surrounding various stocks should give investors pause for thought. It reminds us of the end of the nineties; it’s party like in 1999. All the more reason to remain very alert for a possible strong and fierce correction in 2014.
This material is communicated on March 2, 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.
