Market Drama

Welcome to this week’s Market Drama!

• Stock Market:
  • S&P 500 was up 1.6% for the week.
• What drove this market action?
  • Macro data points:
    • Positive column:
      • ISM service index data and PMI service data show that February was stronger than expected.
      • Pending home sales had a robust number.
    • Negative column: 
      • If the housing market continues to stay at elevated levels, that could drive prices higher. 
      • In Europe, core inflation was up from January to February. 
  • Speech made by Atlanta Federal Reserve, President Bostik.

What to look out for next week: 

• ADP employment data.
• Job openings.
• February labor report on Friday. 

Stay tuned for next week. 

– Andres