Weekly Market Outlook December 7, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – The mighty German central bank assured investors that the President of the ECB, Mario Draghi, would have to put his plans on hold for now. Draghi had said that the ECB would theoretically want to buy anything except gold. Investors were disappointed initially, but their disappointment was offset by the much-better-than-expected jobs figures from the U.S. last Friday. Even the biggest pessimists can no longer deny that the U.S. economy is steadily gaining momentum. The S&P 500 ended the week with a gain of 0.38%, at 2,075.37.
For many investors, the most hated bull market ever is still intact. Almost all the indicators we follow are showing bullish to extremely bullish signals for both the short and longer term. Next week, the calendar is pretty empty. It is possible that the fight over the U.S. budget and debt ceiling will make investors nervous initially. However, history shows that these issues are always resolved eventually. It is probably a matter of time before the S&P 500 reaches 2,100 points.
This material is communicated on December 7, 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 or otherwise disseminated in whole or 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.
