Weekly Market Outlook August 24, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Last week, the S&P 500 closed once again positive with a gain of 1.7 percent at 1988.40. The volume was moderate. However, last Friday the volume even noted at its lowest level of 2014. In addition, the divergence between the European and American equities is striking and a matter of concern.
Another consideration is that central bankers around the world are no longer lying on the same line, which may result in more volatility and turmoil. August evolves to date as a remarkable month for investors. Next week, the focus is on the IFO index that measures the entrepreneurs’ confidence in Germany, Europe’s largest economy. In the U.S., investors focus their gaze on the American housing market and consumer confidence.
On balance, it promised to be a relatively quiet trading week in which the U.S. gears up for a long weekend. September is historically a difficult month for equity investors. As indicated earlier, the coming weeks we will evaluate the sentiment for equities in general to make projections with respect to a new correction.
This material is communicated on August 24, 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.
