Weekly Market Outlook February 22, 2015

Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Investors have started the weekend with confidence. Concerns about Greece seem to have melted like snow in the sun, and disappointing data on the U.S. economy were simply ignored. The S&P 500 closed the week at 2,110.30 points, with a gain of 1.05%. We note that many hedge funds seized the momentum to build off positions, and de-risking is the magic word. For some time already, we have questioned whether buyers can still be found at the current record levels.

It’s highly likely that the volatility will increase again soon, in our opinion. Next week, the focus will be on Janet Yellen, who speaks for the U.S. Congress. In addition, the skirmishes around Greece will give investors pause for thought again. Furthermore, investors have to deal with a host of macro data.


This material is communicated on February 22, 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.