Market Drama

Welcome to this week’s Market Drama!

• The S&P 500 was up 0.8% week over week. 
• Economic Data:
  • March core CPI hit expectations of 5.6% year-over-year. 
  • PPI (Producer Price Index) data capture inflation on input costs through the supply chain. The trend is encouraging, with PPI falling 2.5% in March year-over-year.
• The banking system situation:
  • Credit lending will get tighter, but consumers continue to have borrowing capacity.

What to look out for this week: 

• Keep an eye out for the LEI indicator and PMI (Purchasing Manager Index) data.

Stay tuned for next week. 

– Andres