Weekly Market Outlook January 11, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Investors have left behind them an extremely volatile week. Good jobs data coming from the U.S. could not prevent the S&P 500 from closing the week with a loss of 0.65%. It is noteworthy that our indicators show a similar pattern for the year 2000. We do not make predictions, but it is remarkable that our internal signals present this picture. In 2015, as a corollary, we will hedge our portfolio more actively. We have already deployed this instrument successfully twice this year, and as a result, Thirteen Diversified Fund’s portfolio has again grown in size.
Europe seems to be losing the battle against deflation, and intervention by the ECB seems only a matter of time. Besides the macro data, next week will be mainly about the company’s figures. In the end, no matter what central bankers may have in mind, the fundamentals of the business are more important.
This material is communicated on January 11, 2015 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.
