Weekly Market Outlook March 8, 2015
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – On Monday, the current bull market will celebrate its sixth birthday. On March 9, 2009, the S&P 500 closed at 676.53. Since then, the S&P 500 has increased about 210%; as a result, we are dealing with one of the longest and most hated bull markets ever. We often state that the S&P 500 is losing momentum, but that does not alter the fact that the bull market is still intact.
Last Friday, the S&P 500 declined firmly due to strong jobs data from the U.S., and, without a doubt, the fear of rising interest rates has increased. On Friday, the strength of the decline in the S&P 500 was 11% stronger than normal, and so it seems, for the short term, that more selling pressure is in the offing.
The coming week is fairly quiet, and particular attention will be paid to U.S. consumer behavior. In Europe, the declining euro will occupy investors. As of Monday, the U.S. markets will open an hour earlier because of the American summertime.
This material is communicated on March 8, 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.
