Weekly Market Outlook April 6, 2014

Weekly Market Outlook:
Pfäffikon SZ – For the umpteenth time this year, the S&P 500 declined in the final hours of the trading week despite good employment figures in the U.S.. The volume was reasonable. It is striking that the momentum stocks were hit hard. For now, we are not yet worried about a sharp correction; there is more needed for a correction. We note that some of our short-term indicators have deteriorated, which makes it an important focal point. The coming week, the agenda in Europe is fairly empty. Economic developments in China and Japan will probably require more attention.


This material is communicated on April 6, 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.