Weekly Market Outlook December 21, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Recent trading weeks are striking enough copies of 2013 as the market recovered on the 18th last year as well. Regarding a possible interest rate increase, the Fed replaced ”Considerable Time” by “Patience,” and this change was embraced by investors. Given recent developments in the financial markets, we expect that in 2015, interest rates in the U.S. will remain low. Russian President Vladimir Putin has encouraged investors and citizens resulting in the largest increase of Moscow’s stock market in five years. However, Russian stocks are performing extremely poor this year.
Because of Christmas, next week will be a short trading week. In both the U.S. and Europe, several macro figures are published at the beginning of the week. Perhaps, most of the attention will be on the elections in Greece, where the only viable presidential candidate—Stavros Dimas—is fighting for votes.
This material is communicated on December 21, 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.
