Weekly Market Outlook August 10, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Despite the increased volatility of the S&P 500, the week ended with a small profit. Relief around the crisis in Ukraine was the main reason.
As the earnings season is drawing to a close, geopolitical tensions continue to dominate the financial markets. Earlier we wrote about the market with two faces. When the geopolitical tensions decrease, there is room for recovery and bargain hunters will enter the market.
The expectation is that Europe will carefully get back on its feet.
This material is communicated on August 10, 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.
