G E ORG E V A S S E T M A N A G E M EN T
2014 February 2nrd
MANAGEMENT VIEW
The beginning of the year 2014 is rather bumpy for the financial markets. The US economic recovery that has been impacted by the cold weather and the lack of wage increase is somewhat stalling. Financial markets immediately endorsed the negative effects. Meanwhile, energy prices, both gas and oil have risen, marking the rhythm of an economy that continues to perform well. US dollar is stabilizing, gold is bottoming out. Events affecting the emerging countries are consequences not causes. Any decline will be used to reinvest cash. In conclusion, nothing has changed in our reasoning with respect to December 2013.
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