Weekly Market Outlook December 14, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Low volumes cause fickle behavior in the markets, and the continuously decreasing price of oil causes a lot of anxiety among investors. How ironic: the black stuff is the Black Swan of 2014. It is remarkable that last year’s mini correction started on December 11. This year’s decline began on December 10, and the markets dropped more than we expected. Investors ignored the good macro data from the U.S. confirming that a recession is still far away.
Next week, we will get more insight into the digressions of the Fed, which can certainly be interesting given the latest oil price developments. Furthermore, we will get more clarity on U.S. inflation, and for Europe there is some macro news on the agenda. Investors have to wait for a turning point in the stock markets as the current bull market has not ended yet, in our opinion. The world’s largest economy is attracting more and more investment, and the low price of oil is also providing many advantages to business, an aspect completely ignored by speculators and investors.
This material is communicated on December 14, 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.
