Market Drama

Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA

April 17, 2023 
Watch Time: 3 minutes

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

Disclosure: This material provided by Zoe Financial is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy, or investment product. Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Zoe Financial is not an accounting firm – clients and prospective clients should consult with their tax professional regarding their specific tax situation. Opinions expressed by Zoe Financial are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated. Facts presented have been obtained from sources believed to be reliable. Zoe Financial, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. Zoe Financial does not provide legal advice.

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