Market Drama

Welcome to this week’s Market Drama!

• The Stock Market:
  • The S&P 500 was down and so was Nasdaq.
    •  S&P 500 was up 1.3% for the week.
    • Nasdaq was down 1.9% for the week. 
  • Oil was up 2% for the week, 8.7% year-to-date.
    • Oil going up adds inflationary pressures for energy prices. 
• Bond Market
  • Yield curve, steepened from very low levels. 
  • Negative yield curves signal that we could see a bear market for stocks. 
  • Going from negative levels to a flat state is positive. 
  • We might be on our way to a positive yield curve. 

Looking forward to next week:

• August CPI.
• August PPI.
• August retail sales. 

Stay tuned for next week. 

– Andres